(CHAPTER 8) Superior Inc. is starting a new project. It plans to develop an online platform that allows for 3D printing of online purchases. This would effectively reduce the online purchases' delivery times to minutes. It expects this new product to be a great success and bring rapidly growing profits in the first few years. After that, it expects the competition to kick in which will reduce the growth of annual profits. The dividends on Superior Inc.'s shares will be growing accordingly. Here is the exact schedule of expected future dividends: Most recently paid dividend is $5. Expected annual growth rate of dividends for the first 3 years is 60%. Expected annual growth rate of dividends after that is 12%. Discount rate for this company is 16%. Calculate the price per share of stock of Superior Inc. (Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 100.23. DO NOT put "$" in your answer.)