Currently, a company does not pay dividends on its stock but 9 years from now the company is expected to start paying a constant annual dividend in the amount of $2.75 per share. The company is expected to continue paying this same dividend amount for 7 years and then stop paying dividends forever. Assume the required return on the stock is 9%. What will this stock sell for 8 years from now? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50