Flora, Inc., reported an EPS of $4.5 this year (to). Flora is expected to maintain a retained earnings ratio of 0.3 and ROE of 0.18 for the next five years. After the fifth year, ROE is expected to decrease to 0.09. Applying the cost of equity of 0.11 and the multi-stage growth model, compute the intrinsic price of Flora. *Round your answer to TWO decimal places