Earnings per common share of ABC Industries for the next year are expected to be $3.35 and to grow 8.5% per year over the next 4 years. At the end of the 5 years, earnings growth rate is expected to fall to 6.25% and continue at that rate for the foreseeable future. ABC's dividend payout ratio is 40%. If the expected return on ABC's common shares is 14.5%, calculate the current share price. (Round your answer to the nearest cent.) Current share price $