Omni Consumer Products just paid a dividend of 1.57 and anticipates a short term growth rate of 14% for year 1 and for year 2 (dividends 1 and 2). Assuming that after year 2, Omni's contract with the City of Detroit will give it a constant growth rate of 4%, what is the fair-value of a share if the required return is 12%? Answer to two decimal places