Techdate Inc. currently pays dividends of $7.53 per share. The corporation plans to pay $4.11 per share in dividends next year and $5.96 in dividends the year after that. Two years from now, analysts believe the price of Techdate Inc. common stock will be $70.67 per share. Based on the dividend valuation model, what should the current value of the stock be if you require a 12% rate of return? Submit your final answer rounded to two decimal places (Ex. $0.00).