The capital structure of a firm consists of 15,366,030 common shares and 1,024,300 warrants. Each warrant gives its owner the right to purchase one (1) common share at an exercise price of $19.08 per share. The current stock price is $24.79 per share, and each warrant is worth $7.84 per warrant. What will be the new stock price if all warrant holders decide to exercise their rights today?