The Digital Electronic Quotation System (DEQS) Corporation pays no cash dividends currently and is not expected to for the next 5 years. Its latest EPS was $10, all of which was reinvested in the company. The firm's expected return on investment for the next 5 years is 20% per year, and during this time it is expected to continue to reinvest all of its earnings. Starting in year 6, the firm's return on new investments is expected to fall to 15%, and the company is expected to start paying out 40% of its earnings in cash dividends, which it will continue to do forever after. DEQS's market capitalization rate is 18% per year. Your estimate of DEQS's intrinsic value per share is _ (round your answer to two decimal places).