F Corporation has a policy to grow the companys cash flows and consequently the dividend by 5 percent each year. In addition, F Corp is in an industry where risk is relatively low. Because of this low risk, a 11 percent return is reasonable as a required return. Assuming that F Corp will live up to these projection forever and expects to pay a $1.74 dividend per share at the end of the coming year, what is a ballpark estimate of the value of this common stock?