A stock will pay dividends of $1.10 four years from today, $1.62 five years from today, and $2.25 six years from today. There will be no dividend payments prior to year 4. After year 6, the growth rate in dividends per year is expected to be 6% forever. The required return on the stock is 11%. P5, the price of the stock 5 years from now, should be $_____.