Thirsty Cactus Corp. just paid a dividend of $2.80 per share. The dividends are expected to grow at 20 percent for the next eight years and then level off to a growth rate of 5 percent indefinitely. If the required return is 13 percent, what is the price of the stock today? (Round your answer to 2 decimal places. (e.g., 32.16)) Stock price %24