Constant Dividend Growth Valuation Boehm Incorporated is expected to pay a $3.40 per share dividend at the end of this year (i.6,D1=$3.40). The dividend is expected to grow at a constant rate of 5% a year, The requited rate of return on that stock, Ff, is 16%. What is the estamated value per share of Boehm's stock? Do not rosmd intermediate calculations. Ronsind your answer to the nearest cent