Which of the following amounts is closest to what should be paid for Overland common stock? Overland has just paid a dividend of $2.55. These dividends are expected to grow at a rate of 4.8% in the foreseeable future. The risk of this company suggests that future cash flows should be discounted at a rate of 9.9%.

Show your answer to the nearest $.01.Do not use the $ sign in your answer.