Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 31 percent for the next three years, with the growth rate falling off to a constant 7.1 percent, thereafter. If the required return is 12 percent and the company just paid a dividend of $2.55, what is the current share price?

Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16