Sandra Gates Industries current common stock dividend (year 0) is $2.50 per share and is expected to continue growing at a rate of 5% per year for the foreseeable future. Currently the risk-free rate is 7.5% and the estimated market risk premium (i.e., km - rf) is 8.3%. Value Line has estimated Sandra Gates Industries' beta to be 1.10. Determine the expected price for Sandra Gates Industries' common stock.