TheBloomCompany has just paid a $1.15 dividend per share. The firm is experiencing rapid growth which is expected to see its dividendsgrow at 25% for two years and then the rate of growth will dropto 3% for yearthree onwards. What is the value of Bloom's shares if the required rate of return is 11.1%? (Please round your answer to the nearest cent but exclude the $ sign when typing your answer.)