Investors expect that Amalgamated Aircraft Parts, Inc., will pay a dividend of $3.04 in the coming year. Investors require a rate of return of 14.8% on the company's shares, and they expect dividends to grow at 4.8% per year. Using the dividend valuation model, find the intrinsic value of the company's common shares. The intrinsic value of the company's common shares is $. (Round to the nearest cent.)