A company currently pays a dividend of $3.75 per share (D_0 = $3.75). It is estimated that the company's dividend will grow at a rate of 18% per year for the next 2 years, then at a constant rate of 7% thereafter. The company's stock has a beta of 1.9, the risk-free rate is 3%, and the market risk premium is 6%. What is your estimate of the stock's current price? Round your answer to the nearest cent. $