Please show full steps (not excel) thank you!!

Nowman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grips eamed $3.06 per share and paid cash dividends of $1.36 per share (D0=$1.36). Grips' eamings and dividends are expected to grow at 40% per yoar for the next throo yoars, afler which th are expected to grow at 9% per year to infinity. What is the maximum price per share that Newman should pay for Grips if it has a required retum of 13% investments with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for Grips is : (Round to the nearest cent)