Perth Entertainment Ltd is expanding rapidly. Its dividend growth rate for the coming year is projected at 30 per cent. This rate will decline by 5 percentage points per year until it reaches the industry average of 10 per cent. Once it reaches 10 per cent, it will stay there indefinitely. The most recent dividend was $0.25 per share, and the market requires a return of 16 per cent on investments such as this one. What is the price per share for Perth Entertainment Ltd?