A young start-up company needs to plow back its earnings to fuel growth. The company will pay no dividends on its stock until it pays its first dividend of $15 per share 11 years from today. Thereafter, it will increase the dividend by 6 percent per year. If the required return on this stock is 12 percent, what is the current share price? Enter your answer as dollars with 2 digits to the right of the decimal point in the box shown below