Assume the Wansch Corporation is expected to pay a dividend of $2.25 per share next year. Sale and profits for Wansch are forecasted to grow at rate of 20% for the next two years, then grow at 5% per year forever thereafter. Dividends and sales growth are expected to be equal. If Wansch's shareholders require 15%, what is the per share value of Wansch's common stock? Round your answer to two decimal points