Consider the following information which relates to a given company: Item 2019 Value $6.14 $37.79 Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $62.93 Million 2.3 Million $5.36 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6.79% in the future, or possibly 8.07% for the next 2 years and 6.49% 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 8.71% to 12.12%. Currently, the risk-free rate is 5.11%. Required: Assuming a constant annual 6.79% growth rate in future dividends, find the value per share of the firm's stock. The required return is 16.91%. (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)