Consider the following information which relates to a given company: 2019 Value $6.38 Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $39.96 $60.81 million 2.68 million $4.21 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.84% in the future, or possibly 7.53% for the next 2 years and 5.51% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.3% to 10.23%. Currently, the risk-free rate is 5.09%. Required: Assuming a constant annual 7.53% growth rate in dividends per share over the next two years and 5.51% thereafter, find the value per share of the firm's stock. The required return is 16.57% (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE 17.23