Kitten Mittens Inc. paid a $1 per share dividend in fiscal year 2015. At the end of 2015, you project 2% constant dividend growth rate indefinitely and decide to buy one share of stock on January 1st, 2016. (Hence you will receive your first dividend payment on December 31st, 2016). How much money would you have been willing to pay for that share of stock if the required rate of return was 15% per year? (Do not include dollar signs or commas in your answer)