Assume that you are going to ignore dividends and instead rely on Buffett's lookthrough earnings to represent a firm's current and expected cash flow. Your tax rate is 20%. Current earnings per diluted share are $3.00 and the firm's earnings are expected to grow by 8% in perpetuity. The market capitalization rate is 12% What is the value of the stock? Write your answer to the nearest dollar without the dollar sign (XX)