Check My Work $(1$ remaining$)$

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\mathrm{.}25$ dividend $3$ years from today, then to increase it at a relatively rapid rate for $2$ years, and then to increase it at a constant rate of $8\mathrm{.}00\%$ thereafter.

Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of $11\mathrm{.}00\%,$ what is your estimate of the stock's current value? Use the dividend values provided in the table below for your calculations. Do not round your intermediate calculations.

$\backslash$table$[[$Year$,0,1,2,3,4,5,6],[\backslash$table$[[$Growth$],[$rate$]],$NA$,$NA$,$NA$,$NA$,90\mathrm{.}00\%,40\mathrm{.}00\%,8\mathrm{.}00\%$