For the year just ended (at t=0), Central Georgia Bank (CGB) had net income per share of $6.55 and paid an annual dividend of $4.25 per share. Analysts expect earnings and dividends to grow at 6.70% per year for the foreseeable future. Assume that investors expect a rate of return of 12.00% on CGB stock. Using the constant growth model, what should be the current price of this stock? [Enter your answer with two decimal places. Do not enter a dollar sign ($). For example, enter as: 135.33]