Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $8.77 per share dividend in 8 years and will increase the dividend by 0.03 per year thereafter. If the required return on this stock is 0.09, what is the current share price? Answer with 2 decimals (e.g. 45.45).