Cullumber Corp. paid a dividend of $2.32 yesterday. The company's dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Cullumber require a rate of return of 20 percent, what should be the market price of Cullumber stock? (Round dividend to 3 decimal places, eg. 3.756 and round final answer to 2 decimal places, e.g. 15.25.) Market price $