Flipflops Unlimited has a dividend policy which is a bit weird. It has just paid a per-share dividend in the amount of $4. It also has just posted on its website that from now on it is planning to increase the dividend per share by $6 for the next five years, each year, and that it will then not pay any more dividends. Ever. If you decide to buy shares of stock from Flipflops Unlimited, based on the company's risk you will require an annual return of 14 percent. What would be a fair price to pay for each share of the company's stock if you wanted to buy it today? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)