You are analyzing the financials of Eastern Textiles, a company that has just announced a dividend of USD $0\mathrm{.}85$ per share. The dividend growth rate is expected to be $14$ percent annually for the next three years. After three years, the anticipated payout ratio is $25$ percent, and the standard PE ratio is estimated to be $28.$ With a demanded return of $9$ percent on this stock, calculate the present value of this stock?