Consider the following information which relates to a given company: 2019 Value $6.96 $36.37 Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $64.37 Million 2.2 Million $4.81 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6.44% in the future, or possibly 9% for the next 2 years and 6.8% 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 8.31% to 12.77%. Currently, the risk-free rate is 5.19%. Required: Assuming no growth in future dividends, and a required return of 16.63%, find the value per share of the firm's stock. (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)