JJ Industries will pay a regular dividend of $1.40 per share for each of the next four years. At the end of the four years, the company will also pay out a $46 per share liquidating dividend, and the company will cease operations. If the discount rate is 6 percent, what is the current value of the company?s stock? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the ''$'' sign in your response.) Price