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Pharsalus Inc. just paid a dividend (i.e., DO) of $ 3.42 per share. This dividend is expected to grow at a rate of 6.9 percent

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Pharsalus Inc. just paid a dividend (i.e., DO) of $ 3.42 per share. This dividend is expected to grow at a rate of 6.9 percent per year forever. The appropriate discount rate for Pharsalus's stock is 15.0 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas)

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