The Miller Milk Company has just come up with a new lactose-free dessert product for people who can't eat or drink ordinary dairy products. Management expects the new product to fuel sales growth at 28% for about two years. After that competitors will copy the idea and produce similar products, and growth will return to about 5%, which is normal for the dairy industry in the area. Miller recently paid an annual dividend of $2.40, which will grow with the company. The return on stocks similar to Miller's is typically around 12%. What is the most you would pay for a share of Miller? Round PVF values in intermediate calcualtions to four decimal places. Round the answer to two decimal places. $