V Energy Tech Ltd. has just had a very profitable year as rising energy costs have driven a rapid increase in sales of its solar power cells. The firm also developed a new process which has lowered its manufacturing costs significantly. V Energy Tech believes that this new process will give it a major advantage over its competitors, which it estimates will last for three years. V Energy Tech Ltd. recently paid a dividend of $3.10 per share, and that the dividend will grow at the same rate as its profits. High profits are expected during this period, with the first three years of growth estimated to be 14%, 12% and 10% respectively, before returning to constant long term industry growth rate of 4% per year. The firm's cost of equity is 15%. What is the value of D4? Round your answer to 2 decimal places