Orange Co. expects the following dividends: $1 in one year, $1.15 in two years, $1.25 in three years, and $1.85 in four years. After that, its dividends are expected to grow at 5% per year forever (so that year 5s dividend will 5% more than $1.85 and so on). If Orange Cos equity cost of capital is 8%, what is the current price of stock? Round to the nearest cent