You expect XYZ company to have earnings per share next year of $3.7. You think XYZ is a risky stock, so you require a return of 16% to invest in the company. After extensive economic analysis, you have concluded that the stock will grow at an annual rate of about 2% for a long time.

How much would you be willing to pay for a share of XYZ stock today? Round you answer to 2 decimals, for example 100.21.