Consider the following information which relates to a given company: Item 2019 Value Earnings Per Share $6.15 Price Per Share (Common Stock) $41.48 $64.14 million Book Value (Common Stock Equity) Total Common Stock Outstanding 2.08 million Dividend Per Share $3.16 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.17% in the future, or possibly 7.7% for the next 2 years and 5.11% 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 8.63% to 10.52%. Currently, the risk-free rate is 5.16%. Required: Assuming a constant annual 7.7% growth rate in dividends per share over the next two years and 5.11% thereafter, find the value per share of the firm's stock. The required return is 16.96%. $ (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)