Universal Laser just paid a dividend of $4.00 on its stock. The growth rate in dividends is expected to be a constant 6 percent per year indefinitely. Investors require a return of 15 percent for the first three years, a return of 13 percent for the next three years, and then a return of 11 percent thereafter. What is the current share price for the stock?(Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Current share price

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