Bobby Bonilla Sports Inc is a growing firm that just paid a dividend on its common stock of $0.35 per share. Estimates of future dividend payments are as follow: One year from today, $1.25 per share, Two years from today $1.90 per share, Three years from today $2.40 per share. After the 3rd year (payment of $2.40) dividends are expected to grow at a rate of 5% per year henceforth. If the appropriate rate of return for the risks of owning the stock is 13.5%, what should be the stock price (rounded to two decimal places)