You are evaluating a company for acquisition. The company is publicly traded and has 1 million shares outstanding. Last year the company paid an annual dividend of $6.00 per share. You expect dividends will grow at 5% per year and your required rate of return for this acquisition is 12%. What is the maximum amount you would pay for this company? (you would buy all of the outstanding shares)

Round all dollar calculations to 2 decimals including any per share values.