Strymon's common stock recently paid a dividend of $7.88.(D0=7.88). You believe their dividends will grow at a constant rate of 3% per year for the foreseeable future. Your required return is 12% for shares of this risk level. According to the constant growth dividend valuation model, what is the intrinsic value of one share of Strymon's common stock? (Round your answer to two decimal places.)