Premler, Incorporated, has an odd dividend policy. The company has just paid a dividend

of $$4$ per share and has announced that It will increase the dividend by $$4$ per share for

each of the next five years and then never pay another dividend. If you require a return

of $10$ percent on the company's stock, how much will you pay for a share today? $($Do not

round intermedlate calculations and round your answer to $2$ decimal places, e$.$g$..$

$32\mathrm{.}16.)$

Current share price