Tolo Co. plans the following repurchases: $9.7 million in one year, nothing in two years, and $20.6 million in three years. After that, it will stop repurchasing and will issue dividends totaling $24.4 million in four years. The total paid in dividends is expected to increase by 2.6% per year thereafter. If Tolo has 1.6 million shares outstanding and an equity cost of capital of 11.1%, what is its price per share today? The stock price will be $. (Round to the nearest cent.)