6. Problem 7-07 (Constant Dividend Growth Valuation) Constant Dividend Growth Valuation Boehm Incorporated is expected to pay a $4.00 per share dividend at the end of this year (t.e., D1=$4.00). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, r5 is 12%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent