Synovec Corporation is expected to pay the following dividends over the next four years: $5.10, $16.10, $21.10, and $2.90. Afterward, the company pledges to maintain a constant 5.25 percent growth rate in dividendsforever.

If the required return on the stock is 7 percent, what is the current share price?(Do not round intermediate calculations and round your answer to 2 decimal places)