ABC Mining Companys coal reserve is begin depleted, so its sales are falling. Also, environmental costs increase each year, so its costs are rising. As a result, the companys earnings and dividends are declined at a constant rate of 4% per year. If ABC just paid a dividend of $6 and the required rate of return 12%. What is the estimated value of ABCs stock three years from now? (Do not use the dollar sign ($) and round your answer to 2 decimal points)