Tresnan Brothers is expected to pay a $$1\mathrm{.}40$ per share dividend at the end of the year $($i$.$e$.,$ D$1=$ $$1\mathrm{.}40).$ The dividend is expected to grow at a constant rate of $9\%$ a year. The required rate of return on the stock, rs$,$ is $16\%.$ What is the stock's current value per share? Round your answer to the nearest cent.