A company just paid a dividend of $1.20 per share. The consensus forecast of financial analysts is a dividend of 51.60 per share next year. $2.30 per share two years from now, and $2.70 per share in three years. You expect the price of the stock to be $32 in two years, if the required rate of return is 9 * per year, what would be a fair price for this stock today? (Answer to the nearest penny.)