A stock is expected to pay the following dividends: $1.3 four years from now, $1.5 five years from now, and $2 six years from now, followed by growth in the dividend of 7% per year forever after that point. There will be no dividends prior to year 4. The stock's required return is 13%. The stock's current price (Price at year 0) should be $____________.
Be specific about the process, especially on how to calculate PV. Do not round any intermediate work, but round your final answer to 2 decimal places.