Due to increasing competition, j Corporation has seen a steady year-to-year decline in its cash flows. Its revenues are predicted to be 1.10% lower than they were last year and costs are expected to increase due to higher input costs.

Sluggish Corporation has just paid an annual dividend of $3.7 and this dividend is expected to decline by 4.0% per year. Investors require a 17.5% annual return.

What is the current price per J Corporation share?