A firm's earnings and dividends are expected to decline at a constant rate of 4% per year. The most recent dividend (Div0) was $3.4 and the required return on the stock is 14%. The current price of the stock should be $__________. Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/- .05.