Bridgeport Supplies Ltd. currently doesnt pay any dividends but is expected to start paying dividends in five years. The first dividend is expected to be $1 and is expected to grow at 4.5 percent thereafter. The required rate of return for the firm is 9 percent. What is Bridgeports current stock price? (Round intermediate calculations to 3 decimal places, e.g. 20.417 and the final answer to 2 decimal places, e.g. 15.61.)

Stock price

$