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Company Z-primes earnings and dividends per share are expected to grow by 5% a year. Its growth will stop after year 4. In year 5

Company Z-primes earnings and dividends per share are expected to grow by 5% 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 market capitalization rate is 9% and next years EPS is $14. What is Z-primes stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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