Assume a corporation has just paid a dividend of $ 1.59 per share. The dividend is expected to grow at a rate of 4.8% per year forever, and the discount rate is 9.7%.

What should be the amount paid as a dividend per share next year?

Enter your answer in terms of dollars, rounded to 2 decimals, and without the dollar sign. So, if your answer is 3.1416, just enter 3.14.