Common Stock value: Constant Growth Seagate technology is a global leader in data storage solutions and a high-yield dividend player. From 2015-2019, Seagate paid to following per-share dividends:

2019-$2.57

2018-$2.26

2017-$1.86

2016-$1.19

2015-$1.57

Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use 22% required rate of return to find the value of Seagate's stock immediately after it paid its 2019 dividend of $2.57.

The value of Seagate's stock is?