Summit Systems will pay a dividend of $1.47 this year. If you expect Summit's dividend to grow by 6.4% per year, what is its price per share if the firm's equity cost of capital is 10.2%? The price per share is $ (Round to the nearest cent.)

Summit Systems will pay a dividend of $1.47 this year. If you expect Summit's dividend to grow by 6.4% per year, what is its price per share if the firm's equity cost of capital is 10.2% ? The price per share is $ (Round to the nearest cent.)