A company currently pays a dividend of $3.5 per share (D0 = $3.5). It is estimated that the company's dividend will grow at a rate of 23% per year for the next 2 years, then at a constant rate of 6% thereafter. The company's stock has a beta of 0.8, the risk-free rate is 3.5%, and the market risk premium is 4%. What is your estimate of the stock's current price? Round your answer to the nearest cent.