You expect GDL to have $3.06 profits per share next year, and you expect the company's profits will grow at a constant rate of 6% per year for the foreseeable future. You will only invest in GDL if you can expect a return of 12% per year on your investment. What is the most you would be willing to pay for a share of GDL today? Round your answer to 2 decimals, for example, 100.21