Ninja Co. Will pay a dividend of $5.00, which will increase by 8 percent each year over the following three years and then grow at an

annual rate of 6 percent forever. You expect a 11 percent return on your invested capital.

What price would you pay for a share in this company? (Do not round "PV factor" and other intermediate calculations. Round the

final answer to 2 decimal places. Omit $ sign in your response.)