JJ Industries will pay a regular dividend of $2.40 per share for each of the next four years. At the end of four years, the company will also pay out a liquidating dividend. If the discount rate is 10 percent, and the current share price is $60, what must the liquidating dividend be?

THE ANSWER IS NOT $35.78. Do not round intermediate calculation. round final answer to nearest 2 decimals. THANK YOU!