A company just paid dividends of $5 per share. Pinder Co will increase its dividends by 2% every year forever. The company pays dividends once per year, at the end of the year. The standard deviation for Pinder Co’s stock returns is 30% and its covariance with the market is 0.05. The expected return on the market portfolio is 10%, and the standard deviation of the market portfolio is 20%. The bond yield for government bonds is 1%. Using the dividend discount model and the capital asset pricing model to estimate the appropriate discount rate, what should be Pinder Co’s share price? (Round to the nearest two digits)