Question 22 5 pts Suppose that ABC Co. will not pay any dividends for the next 3 years, and the first dividend of $2.20 will be paid, instead, at the end of the following year. Assume the steady-state dividend growth rate and the required return on the stock are 4.5% and 10.4%, respectively. Calculate the current price of each share of ABC's stock? (Provide your answer as a number with two decimal places.)