ABC Corp has a 13.55% return on equity and reinvests (retains) 38% of its profits. What is the intrinsic value of the company's share of stock, to the nearest penny, if the required rate of return is 13.33% and the most recent annual dividend per share (D0) was $2.77? If your answer is, e.g., $45.365, record it as 45.37.