Epic Holdings plc just paid a dividend of $2\mathrm{.}45$ per share. The company plans to increase its dividend by $20$ per cent next year, then decrease its dividend growth rate by $5$ percentage points each year until it reaches the industry average of $5$ per cent dividend growth. After that, the company will maintain a constant growth rate indefinitely.

Required:

If the required return on Epic Holdings shares is $11$ per cent, what will a share of equity sell for today? $($Do not round intermediate steps. Round your answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).$ The program includes a margin of error of $+/1\%.)$

Share price $$