Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From 2015 through 2019, Seagate paid the following per-share dividends: Year 2019 2018 2017 Dividend per share $2.49 2.26 1.83 1.15 1.51 2016 2015 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 20% required rate of return to find the value of Seagate's stock immediately after it paid its 2019 dividend of $2.49. The value of Seagate's stock is $ . (Round to the nearest cent.)