A7X Corp. just paid a dividend of $ 3.5 per share. The dividends are expected to grow at 10 percent for the next 3 years and then level off to a growth rate of 3 percent indefinitely. If the required return is 13 percent, what is the price of the stock today?

NOTE - Calculate dividends used for intermediate calculations to 4 decimal places. State final answer to 2 decimal place.