Tolo Co. plans the following repurchases: $ 9.8 million in one year, nothing in two years, and $ 20.4 million in three years. After that, it will stop repurchasing and will issue dividends totaling $ 24.7 million in four years. The total paid in dividends is expected to increase by 3.1 % per year thereafter. If Tolo has 1.5 million shares outstanding and an equity cost of capital of 10.7 %, what is its price per share today?