Cumberland Co's stock will pay its next dividend of $5.05 exactly one year from today and a second dividend of $7.02 exactly two years from today. After the second dividend, Cumberland's future dividends will grow at a constant rate of 5% per year indefinitely. If the CAPM says the stock's required rate of return is 12.9% and the stock market is efficient, what should its price be today? Round your answer to the nearest penny.