Chamberlain Corporation is expected to pay the following dividends over the next four years: $12.40, $8.40, $7.40, and $2.90. Afterward, the company pledges to maintain a constant 5% growth rate in dividends forever. If the required return on the stock is 12%, what is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Current share price $