Sky High Co. just paid a dividend of $3.4 per share on its stock (D₀). The dividends are expected to grow at a constant rate of 5 percent per year indefinitely.

If investors require an 12.7 percent return on Sky High Co. stock, the stock price in 4 years should be $ _________ . Round it to two decimal places, and do not include the $ sign, e.g., 23.56.