American Express trades on the New York Stock Exchange under the ticker symbol AXP. In 2021, AXP was paying a dividend of $1.72 and analysts forecasted five-year growth rates of 14 percent for AXP and 6 percent for the overall market. Assume that AXP grows at 14 percent for the next five years, then falls to the market growth rate thereafter. If we use a discount rate of 12 percent, what value would we place on AXP?