Marcel Co. is growing quickly. Dividends are expected to grow at a 24 percent rate for the next 3 years, with the growth rate reducing to only a constant 5 percent thereafter. Required: If the required return is 12 percent and the company just paid a $1.50 dividend, what is the current share price? Note: since the dividend at time 0 of $1.50 has just been paid, do not include it in the price at time 0. (Do not round your intermediate calculations.)