ACME Technology is a global leader in data storage solutions and a high-yield dividend payer. From 2015 through 2019, ACME paid the following per-share dividends:

Year Dividend per share

2019 $2.57

2018 $2.27

2017 $1.84

2016 $1.19

2015 $1.57

Assume that the historical annual growth rate of ACMEs dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 21% required rate of return to find the value of ACMEs stock immediately after it paid its 2019 dividend of $2.57.

The value of Seagate's stock is $ ______.