A share of stock has a dividend that is expected to grow at a constant perpetual rate. During the next year (t=0 to t=1), the dividend yield is expected to be 6.12%. The capital gains yield for the next year is expected to be 1.87%. Dividends are paid at years end. If the dividend paid at the end of the year (at t=1) is expected to be $6.62, what is a fair price for the stock in exactly 5 years from today? (Answer to the nearest $0.01)