Problem 7-02 Constant Growth Valuation Boehm Incorporated is expected to pay a $4.00 per share dividend at the end of this year (i.e., D1 = $4.00). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, rs, is 20%. What is the estimated value per share of Boehm's stock? Round your answer to the nearest cent.