XYZ Ltd intends to make its first divident payment three years from now. It then intends to pay dividends annually thereafter. The company has announced it expects the first three dividends (for years 3,4,5) to all be of the magnitude of around 0.43 dollar per share. Starting in year 6, dividends should grow at a constant rate of 6.2% p.a. What figure would be closest to your valuation of XYZ Ltd's shares, given you require a 13.8% p.a. return? (round to 2 decimal places)