Tolo Co. plans the following repurchases: $10.3 million in one year, nothing in two years, and $20.1 million in three years. After that, it will stop repurchasing and will issue dividends totaling $25.7 million in four years. The total paid in dividends is expected to increase by 3.5% per year thereafter. If Tolo has 2.3 million shares outstanding and an equity cost of capital of 11%, what is its price per share today? The stock price will be $ . (Round to the nearest cent.)