OGE is the largest electric utility provider in the state of Oklahoma. Suppose that the company has historically paid a dividend of $3.00. Today, the firm announced that it will increase the dividend by 8.00% next year and leave the dividend at that amount for the next three years. Beginning in year 4, the firm expects the dividend to grow at a rate of 2.00% annually. If OGE's cost of capital is 8.00%, at what price should its stock currently trade? Note: Report your answer as a dollar amount rounded to the nearest penny (i.e., two decimal places)