Consider the following information which relates to a given company: Item 2019 Value $6.66 $35.26 Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $61.68 Million 2.5 Million $4.23 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6.31% in the future, or possibly 8.05% for the next 2 years and 6.23% 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 8.93% to 12.97%. Currently, the risk-free rate is 5.06%. Required: Assuming a constant annual 8.05% growth rate in dividends per share over the next two years and 6.23% thereafter, find the value per share of the firm's stock. The required return is 16.32%. $ (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)