Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings, hence it does not pay dividends. However, investors expect Microtech to begin paying dividends, beginning with a dividend of $2.00 coming 3 years from today. The dividend should grow rapidly - at a rate of 24% per year - during Years 4 and 5, but after Year 5 growth should be a constant 7% per year. If the required return on Microtech is 14%, what is the value of the stock today? Round your answer to two decimal places.