Never Leather Spray Tan recently paid a $3.25 annual dividend on its common stock. The stock is expected to pay the following dividends over the next four years: $3.50, $4.00, $4.15, and $3.75 (i.e., those are DIV1 through DIV4). Afterwards, the company pledges to maintain a constant 4.7% growth rate in dividends forever. If the required return on the stock is 17.5%, what is the current share price?

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