NicoletteVision Corp is a start-up tech firm that will not be able to pay common stock dividends until 5 years from today. The first dividend is estimated to be $0.40 per share; One year later, the dividend is expected to be $0.80 per share, with the dividend one year after that expected to be $1.10 per share. After the $1.10 dividend, the future annual dividends are expected to grow at a 4% rate forever. For this start-up business, the investors require a return of 16%; What should be the stock price today (rounded to two decimal places).