You are considering investing in the stock of Healthsouth Corporation. You do some market research and learn that the company's last dividend was $0.84 and the company's market beta is 1.35. You estimate that earnings and dividends will increase at a constant growth rate of 8 percent. If the current risk-free rate is 5 percent and the required rate of return on the market portfolio is 12 percent, what is the maximum amount you would be willing to pay for the company's stock