Assume Highline Company has just paid an annual dividend of $0.95%. Analysts are predicting a 10.1% per year growth rate in earnings over the next five years. After then, Highline's earnings are expected to grow at the current industry average of 4.9% per year. If Highline's equity cost of capital is 8.6% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell?

The value of Highline's stock is ________$ (Round to the nearest cent.)