7. Tolo Co. plans the following repurchases: $10.4 million in one year, nothing in two years, and $20.1 million in three that, it will stop repurchasing and will issue dividends totaling $24.1 million in four years. The total paid in dividends is expected to increase by 3.1% per year thereafter. If Tolo has 1.8 million shares outstanding and an equity cost of capital of 10.5%, what is its price per share today? The stock price will be $ (Round to the nearest cent.)