The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 14% per year for the next 5 years and then decreasing the growth rate to 4% per year forever after. The company just paid its annual dividend in the amount of $1.24 per share. What is the current value of one share if the required rate of return is 9%? ROUND TO THE NEAREST CENT.