Agarwal Technologies was founded 10 years ago. It has been profitable for the last 5 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management has indicated that it plans to pay a $0.25 lividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant ate of 8.00\% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, it hown below. Assuming a required return of 11.00%, what is your estimate of the stock's current value? Use the dividend ralues provided in the table below for your calculations. Do not round your intermediate calculations