Premier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $6.75 per share and has announced that it will increase the dividend by $10.50 per share for each of the next four years, and then never pay another dividend. If you require a return of 13 percent on the companys stock, how much will you pay for a share today?

Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

a.

	Current share price