Whitewater Adventures has just paid a dividend of $$4\mathrm{.}00.$ An analyst forecasts annual dividend growth of $9\%$ for the

next five years at t$=1,2,...,5,$ after which dividends will decrease by $1\%$ per year indefinitely $($at t$=6,7,...,\backslash$infty $).$ The

required return is $8\%($EAR$).$ What is the current value per share according to the analyst?