The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 12% per year for the next 4 years and then decreasing the growth rate to 5% per year forever after. The company just paid its annual dividend in the amount of $1.15 per share. What is the current value of one share if the required rate of return is 10%? ENTER YOUR ANSWER WITH TWO DECIMAL PLACEs (e.g., 12.25). ROUND TO THE NEAREST CENT.