Suppose the dividends for the Seger Corporation over the past six years were $$1\mathrm{.}40,$$$1\mathrm{.}48,$$$1\mathrm{.}57,$$$1\mathrm{.}65,$$$1\mathrm{.}75,$ and $$1\mathrm{.}80,$ respectively. Assume that the historical $($arithmetic$)$ average growth rates will remain the same for $2022.$ Compute the expected share price at the end of $2022$ using the perpetual growth method. Assume the market risk premlum is $11\mathrm{.}7$ percent, Treasury bills yleld $5\mathrm{.}9$ percent, and the projected beta of the firm is $0\mathrm{.}88.$

Note: Do not round Intermedlate calculatlons. Round your answer to $2$ decimal places.

Share price