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Tolo Co . plans the following repurchases: $ 1 0 . 4 million in one year, nothing in two years, and $ 2 0 .

Tolo Co. plans the following repurchases: $10.4 million in one year, nothing in two years, and $20.7 million in three years. After that, it will stop repurchasing and will issue dividends totaling $25.1 million in four years. The total paid in dividends is expected to increase by 3.1% per year thereafter. If Tolo has 2.3 million shares outstanding and an equity cost of capital of 10.7%, what is its price per share today?
The stock price will be $
(Round to the nearest cent.)
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