The stockholders of a firm received an annual dividend of $5.25 per share yesterday. Analysts expect the firm to increase its dividend by 10.5% each year for three years in a row. Thereafter, it is expected that the dividend will grow at an annual rate of 6.5%, forever. If stockholders require a rate of return of 16%, what is one share of the stock worth today? (Round your answer to the nearest penny. Do not enter the dollar symbol or any commas. For example, if your answer is $1,234.56. 89 , enter 1234.57. Do not worry if Canvas adds commas or truncates trailing zeros.)