In the year ending May 31 (yesterday), Nike issued $257.75M of dividends and repurchased $654.25M worth of shares. Assume that today is June 1 and that all payouts occur on May 31 of each year. This year coming year Nike expects a bad year and has already announced it will suspend payouts, however payouts will resume in 4 years. The first resumed payout will be 2.50% larger than the amount paid out yesterday and will grow perpetually thereafter at 2.50%. Nike has 190.75M shares outstanding. Assume that investors require an 14.50% rate of return on Nike. What is the total payout model estimate of Nike's fair share price