The XYZ Inc.'s one share will pay an investor with the dividend payment of $0 at the end of year 1 (t=1), the dividend payment of $7 at the end of year 2 (t=2), the dividend payment of $10 at the end of year 3 (t=3), and the dividend payment of $15 at the end of year 4 (t=4). After that, the dividend payments will grow at a constant rate of 4% per year, forever. If the investor's cost of capital (required rate of return) is 16% per annum, then what is the maximum price they are willing to pay for one share the XYZ Inc. now (at time t=0)?