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Navel County Choppers, Incorporated, is experiencing rapid growth. The company expects dividends to grow at 15 percent per year for the next 11 years before

Navel County Choppers, Incorporated, is experiencing rapid growth. The company expects dividends to grow at 15 percent per year for the next 11 years before leveling off at 6 percent into perpetuity. The required return on the companys stock is 14 percent. If the dividend per share just paid was $2.07, what is the stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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