PeteCorp's stock has a Beta of 1.44. Its dividend is expected to be $2.96 next year, and will grow by 5% per year after that indefinitely. Assume the risk-free rate is 3%, and the Market Risk Premium is 9%. The stock price would currently be estimated to be $________. Round your FINAL answer to 2 decimal places (example: 12.3456 = 12.35), but do NOT round any intermediate work.