Constant Growth Valuation

Boehm Incorporated is expected to pay a $3.70 per share dividend at the end of this year (i.e., D₁ = $3.70). The dividend is expected to grow at a constant rate of 8% a year. The required rate of return on the stock, r_s, is 19%. What is the value per share of Boehm's stock? Round your answer to the nearest cent.