Shatin Intl. has $10\mathrm{.}5$ million shares, an equity cost of capital of $12\mathrm{.}6\%$ and is expected to pay a total dividend of $$19\mathrm{.}1$ million each year forever. It announces that it will increase its payout to shareholders. Instead of increasing its dividend, it will keep it constant and will start repurchasing $$10\mathrm{.}5$ million of stock each year as well. What is your estimate of Shatin's stock price after this announcement?

The stock price will be $ $($Round to the nearest cent.$)$