Gator Products Company (GPC) is at its optimal capital structure of 70 percent common equity and 30 percent debt. GPCs WACC is 14 percent. GPC has a marginal tax rate of 40 percent. Next years dividend is expected to be $2 per share, and GPC has a constant growth in earnings and dividends of 6 percent. The cost of common equity used in the WACC is based on retained earnings, while the before-tax cost of debt is 12 percent. What is GPCs current equilibrium stock price?