Company Z-primes earnings and dividends per share are expected to grow by 3% 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 $3, the market capitalization rate is 11% and next years EPS is $10. What is Z-primes stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock price $