The Wayne Corporation expects to have a changing dividend policy over the next few years starting with the dividend that they just paid of $$6\mathrm{.}23.$ In the following year their dividend will grow by $13\mathrm{.}2\%$ and in the year after by $11\mathrm{.}9\%.$ Following that they expect their dividends to continue growing at a constant rate of $4\mathrm{.}7\%$ forever. If the required rate of return for Wayne is $16\mathrm{.}6\%$ per year, what is the price today of Wayne shares? Answer to the nearest penny.

Answer: