Unsure of correct answer.

Violet Corp. is a new start-up company. While it is currently making a profit, it does not expect to pay dividends for the next three years, since it will be investing all profits back into the company. Starting in the year 4, it is anticipated that the company will then pay an $2 per year dividend and will increase the dividend by 5% per year thereafter. If the required rate of return on this stock is 14%, what is the current stock price? Round your answer to two decimal places. Do not include the dollar sign