Petra is evaluating energy stocks, as oil prices have started to steadily rise after a decade of being in a slump. Permian Oil is currently trading at $5.89 a share. It distributes virtually all of its earnings in dividends. It's currently fairly valued for her based on the Company's $0.40 annual dividend and 3% dividend growth rate the past decade. If Petra believes that oil prices will support Permian Oil's dividend growth rate to 6%, what should the stock be valued at?