Hetfield and Ulrich, Inc., has an unusual dividend policy.The company has just paid a dividend of $7 per share and has announced that it will increase the dividend by $5 per share for each of the next four years, and then due to the proposed increases in capital gains taxes they willnever pay another dividend.If you require a 14 percent return on the company's stock, how much will you be willing to pay for a share today?

NOTE:Enter your value as numbers and/or decimals.DoNOTuse"$" or commas.For example, enter ten dollars as10or as10.00, butnot as"$10.00"