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Alpine Resources common stock will pay a dividend of $ 1 . 2 0 in one year, $ 1 . 3 0 the next year,

Alpine Resources common stock will pay a dividend of $1.20 in one year, $1.30 the next year, $1.40 at the end of the third year, $1.50 at the end of the fourth year, and $1.60 at the end of the fifth year, after which the dividend will grow at a constant rate of 4.00% per year. If the dividends are discounted at an annual rate of 8.50%, then rounded to the nearest cent, the current price of Alpine Resources common stock is $_____.

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