Aurora Co. is considering a cash purchase of the stock of Rooche Inc. During the year just completed, Rooche earned $3.75 per share and paid cash dividends of $1.55 per share (D0=$1.55). Rooche' earnings and dividends are expected to grow at 15% per year for the next 3 years, after which they are expected to grow 10% per year to infinity. What is the maximum price per share that Aurora should pay for Rooche if it has a required return of 13% on investments with risk characteristics similar to those of Rooche?