Company Z-primes earnings and dividends per share are expected to grow by 2% a year. Its growth will stop after year 4. In year 5 and afterward, it will pay out all earnings as dividends. Assume next years dividend is $7, the cost of equity is 11%, and next years EPS is $12. What is Z-primes stock price?

Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

(Answer is not 100.11)