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Sea Side, Inc., just paid a dividend of $ 2 . 4 8 per share on its stock. The growth rate in dividends is expected

Sea Side, Inc., just paid a dividend of $2.48 per share on its stock. The growth rate in dividends is expected to be a constant 6 percent per year indefinitely. Investors require a return of 26 percent on the stock for the first three years, then a return of 21 percent for the next three years, and then a return of 19 percent thereafter. What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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