Von Bora Corporation is expected pay a dividend of $1.40 per share at the end of this year and a $1.50 per share at the end of the second year. You expect Von Bora's stock price to be $25.00 at the end of two years. Von Bora's equity cost of capital is 14%. The price you would be willing to pay today for a share of Von Bora stock, if you plan to hold the stock for two years is closest to: