Sheridan Clothiers Ltd.'s current dividend is \$2.50. Dividends are expected to grow by 7 percent for years 1 to 3,5 percent for years 4 to 7. and 1 percent thereafter. The required rate of return on the stock is 10 percent. What is the current stock price for Sheridan? (Round intermediate calculations to 4 decimal places, es. 45.1771 and final answer to 2 decimal places, es. 45.17)