Can't Hold Me Back, Inc. is preparing to pay its first dividends. It is going to pay $1.50, $0, $3.50, $4.00 and $5.50 a share over the next five years, respectively. After that, the company has stated that the annual dividend will be $3.25 per share indefinitely. What is this stock worth to you per share if you demand a 8% rate of return?