A share of Santhanakrishnan Corp. stock is expected to pay a $3.50 dividend one year from now. (I.e., Div1 is expected to be $3.50.) Dividends are forecasted to then grow by 20.00%/y ear for four years. After the super-normal, 20.00% growth phase, dividends are thereafter expected to grow by 4.00%/y ear forever. Use a required rate of return of 12.00%/y ear and calculate a fair price for a share of this stock today. Answer: \$ [Round your answer to the nearest cent.]