You feel that Stock X will be able to grow its dividend by 16% per year for the next two years, after which time the growth rate will drop to 5% and then stay at that rate forever. You feel that a discount rate of 9% is fair, given the company's risk. Earlier today, Stock X paid a dividend of $0.48 per share. According to your expectations, what should be Stock X's current price? Write your answer out to the nearest penny