Marine Corp's current dividend is $$3\mathrm{.}40.$ Dividends are expected to grow by $9\%$ for years $1$ to $3,6\%$ for years $4$ to $7,$ and $2\%$ thereafter. The required rate of return on the stock is $11\%.$

What is the current stock price for Marin?

Hint: Use one growing annuity to get the present vilue of Dividends for year $1$ to $3,$ use another growing dividend to get the present value of Dividends for year $4$ to $7,$ and use a growing perpetuity to get the present value of Dividends after year $7.$