Investors expect that Aviation Aircraft Parts, will pay a dividend of $2.57 in the coming year. Investors require a(n) 15.4% rate of return on the company's shares, and they expect dividends to grow at 4.9% 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.)