Consider the following information which relates to a given company: Item 2019 Value Earnings Per Share $6.95 $35.75 Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding $62.18 Million 2.4 Million Dividend Per Share $5.2 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6.75% in the future, or possibly 8.01% for the next 2 years and 6.55% 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 8.49% to 12.76%. Currently, the risk-free rate is 5.54%. Required: Assuming no growth in future dividends, and a required return of 16.17%, find the value per share of the firm's stock. $ (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)