Two years ago Hans bought one share of a stock that pays a $0.50 dividend each year. Today the stock price is $29.61. A year ago Hans bought another stock at $67 and today it trades at $72. The second stock pays a dividend of $1.10, which was paid out today. If the dollar weighted return on his investment was 7% what was the cost of the first stock when he bought it two years ago? (Report your answer to the nearest penny.)