Constant Growth Valuation Boehm Incorporated is expected to pay a $1.40 per share dividend at the end of this year (l.e., D. - $1.40). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, s, is 14%. What is the estimated value per share of Boehm's stock? Do not round intermediate calculations. Round your answer to the nearest cent