Next year, you know Nike will pay a dividend of $1.20. In years 2 and 3 the dividend will grow by 3%. In year 4, the dividend will grow by 6%. After year 4, you expect the dividend to grow by 5% until the end of time. If you're required return is 7%, what is the price today of Nike stock? Pay attention to timing! Round your answer to two decimal points and report your answer as a positive number. (Even if it's negative - it's a price so it's the amount you're willing to pay)