Shatin Intit. has 9.8 million shares, an equity cost of capital of 13.3% and is expected to pay a total dividend of $20.4 million each year forever. It announces that it will increase its payout to shareholders. Instead of increasing its dividend, it will keep it constant and will start repurchasing $9.9 million of thock each year as well, What is your estmate of Shatin's stock price afler this announcoment? The stock price whil be $ (Round to the nearest cent.)