BR Corporation is issuing Common Stocks that are expected to pay $48 dividend per year and this company is expected to grow at 2% per year. Concurrently, the expected rate of return on stocks with similar risk is 10 % per year. Based on this data, find the pure price per share of common stock issued by BR Corporation. Note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, nor commas.