Polly Rex a clothing stores predict a high growth rate of 45 per cent for the next 2 years, followed by growth rates of 25 per cent and 20 per cent for the following 2 years respectively. It clothing store expects to stabilise its growth to a constant rate of 7.5 per cent for the next several years. The company paid a dividend of $4.90 recently. If the required rate of return is 12 per cent, what is the current market price of the share? Using a line chat show all working in detail. Round your final answer to 2 dec places.