The growth in dividends of XYZ, Inc. is expected to be 10% per year for the next 20 years. After this 20-year period, the growth in dividends is expected to be 5% per year, indefinitely. The required rate of return on XYZ, Inc. is 12%. The firm just paid a dividend per share of $0.50.

What should the stock sell for 15 years from today? (Do not round your intermediate calculations. Round the final answer, if necessary, to two decimal places and enter it in canvas without the dollar ($) sign)