Constant Dividend Growth Valuation Boehm Incorporated is expected to pay a $3.10 per share dividend at the end of this year (i.e., D1=$3.10 ). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, rs, is 18%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent. $