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Siem Reap Tours, Inc. expects to pay a dividend next year of $5.10 per share. They anticipate increasing the dividend every year at 2%, indefinitely.

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Siem Reap Tours, Inc. expects to pay a dividend next year of $5.10 per share. They anticipate increasing the dividend every year at 2%, indefinitely. The stock market is expected to generate a 20.00% return for the foreseeable future, and Treasury bills are producing a return of 2.80%. If the company is 65% riskier than the stock market (as measured by beta), what is the expected price of the company's stock? (Enter your answers in dollars rounded to two decimal places.) Expected stock price

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