please answer

Common stock valueVariable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool During the year just completed Grips earned 54.12 per share and paid cash dividends of $2.42 per share (D = $2.42). Grips' earnings and dividends are expected to grow at 30% per year for the next 3 years, after which they are expected to grow 6% per year to infinity. What is the maximum price per share that Newman should pay for Grips if thasa required return of 12% on investments with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for ripsis (Round to the nearest cent)