Inperial Holdings financial year-end results have recently been released. The companys reported results include 2.1 million issued ordinary shares and earnings after tax of R5.64 million. Inperials current price-earnings is 13. Inperial recently declared and paid a dividend of R2.10 per ordinary share. over the past few years, the company has maintained a growth rate of 15% per annum in earnings and dividends. This growth rate is sustainable for the foreseeable future. The company tax rate is 28% per year. Calculate the cost of the ordinary shares