Seagate Technology is a global leader in data storage solutions and a high yield dividend payer. From 2015 through 2019, Seagate paid the following per-share dividends:

Year Dividends per share

2019 $2.52

2018 $2.25

2017 $1.83

2016 $1.19

2015 $1.52

Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use 20% required rate of return to find the value of Seagate's stock immeadiately after it paid its 2019 dividend of $2.52.