Maurer, Inc., has an odd dividend policy. The company has just paid a dividend of $8 pe share and has announced that It will increase the dividend by $4 per share for each the next five years, and then never pay another dividend. If you require a return of 11 percent on the company's stock, how much will you pay for a share today? (Do not round Intermediate calculations and round your answer to 2 declmal places, e.g., 32.16.) of Current share price ed