You estimate that Mobil Pro Corp will start paying dividends five (5) years from today. At that time you estimate the dividend will be 1.7 (i.e. D₅ = 1.7). You also expect the dividends to grow at a rate of 11.1% for the following 7 years (from t=6 to 12 inclusive). After that high growth period ends, the growth rate will fall to 6% and remain at 6% forever.

- What is your estimate of Mobil Pro Corp's stock price today if your required rate of return is 9.8%? Answer should include two digits to the right of the decimal point (i.e. it includes cents, but not fractions of cents).