Wildhorse Supplies Ltd. currently doesn't pay any dividends but is expected to start paying dividends in five years. The first dividend is expected to be $1.20 and is expected to grow at 6.0 percent thereafter. The required rate of return for the firm is 10.0 percent. What is Wildhorse's current stock price? (Round intermediate calculations to 3 decimal places, e.g. 20.417 and the final answer to 2 decimal places, e.g. 15.61.)