The Wayne Corporation expects to have a changing dividend policy over the next few years starting with the dividend that they just paid of $$1\mathrm{.}77.$ In the following year their dividend will grow by $17\mathrm{.}7\%$ and in the year after by $13\mathrm{.}4\%.$ Following that they expect their dividends to continue growing at a constant rate of $5\mathrm{.}9\%$ forever. If the required rate of return for Wayne is $20\%$ per year, what is the price today of Wayne shares? Answer to the nearest penny.

Answer: