You have found a stock that just paid a dividend of $1.28 and your have a required return of 12%. The short-term growth rate for this stock's dividends is found to be 8.3% and the long-term growth rate is estimated to be 2.46%. You think that it may take 11 years for the dividend growth rate to gradually decline to this level, but you want to calculate the firms intrinsic value with these assumptions. What is the estimated intrinsic value for this firm? State your answer as a dollar amount with two decimal places.