You are covering Innovative Technology Corp. stock, and have prepared the following estimates of the companys dividends over the next five years: Year 1: $0.60 Year 2: $0.75 Year 3: $0.85 Year 4: $0.94 Year 5: $1.02 After year 5, you expect dividends to grow at a constant rate of 6%. The required rate of return on equity is 9.5%. What is the value of the stock based on your estimates?