A company had $$22$ of sales per share for the year that just ended. You expect the company to grow their sales at $7$ percent for the next five years. After that, you expect the company to grow $4$ percent in perpetuity. The company has a $15$ percent ROE and you expect that to continue forever. The company's net margins are $5$ percent and the cost of equity is $9$ percent. Use the free cash flow to equity model to value this stock. Do not round intermediate calculations. Round your answer to the nearest cent.