Polycorp has just paid a dividend of $10.00. It is expected to pay a dividend $10.00 at the end of the first year and $11 at the end of the second year.Its dividends will then grow at 3.00%pa for the following ten years. Dividends are then expected to grow at 1.00%pa forever. Shareholders required return on equity is 10.00% pa.What is the current price of Polycorp shares?

(Accurate to the nearest cent)