Cash Cow Pty. is expected to pay out 100% of its earnings as dividends in perpetuity. The consensus analyst forecast is that next year's earnings per share, EPS1, will be equal to $3 while the company is expected to have an ROE equal to 10% in perpetuity. The long-term risk-free rate is 3% and the market risk premium is 5%. Assume that Cash Cow Pty's beta=1. According to the dividend discount model, Cash Cow Pty.'s intrinsic value per share is equal to