You are considering the purchase of 50 shares of Roney Industries common stock. Roney's dividends are expected to increase at an annual rate of 3% for the next two years and then decrease by 4% for the next two years before stabilizing at a positive growth rate of 4.2% that will continue indefinitely. The day before your purchase, the firm paid a common stock dividend of $8 per share. Calculate the price of Roney's common stock as of today assuming that the market requires a rate of return of 10% on the common stock.