A company currently pays a dividend of $2.75 per share (Dp - $2.75). It is estimated that the company's dividend will grow at a rate of 17% per year for the next 2 years, and then at a constant rate of 7% thereafter. The company's stock has a beta of 1.3, the risk-free rate is 4%, and the market risk premium is 6%. What is your estimate of the stock's current price? Round your answer to the nearest cent. $