The ADJO Prison Corporation experiences a rapid growth rate during its formative years. During these years, its growth rate was 18.35% annually. This period of excessive growth encompassed its first 8 years of operations. However, beginning with its ninth year, ADJO experienced a reduced 5.00% rate of growth. Throughout the entirety of these periods, investors anticipated a 4.50% required rate of return. Given such data, determine the stock valuation of ADJO in terms of present value.