Kitzcorp carries a debt default rating of AA (rdp=2.2%) and has issued five-year bonds (rmp=1.9%). The current risk free rate (rf) is 1.75%. For the company's stock, the Market has determined that r=10.5%. It is expected that this mature company will pay a dividend on its common stock of $2.50 per share in one year, and that the dividend should grow at 2% per year there after. What should be the market price per share of Kitzcorp stock (rounded to two decimal places)?