You have been asked to evaluate the share price for Tan Yachts Berhad. It has paid annual dividends of RM1.40, RM1.75, and RM2.00 a share over the past three years, respectively. The company now predicts that it will maintain a constant dividend of RM2.00 since its business has leveled off and sales are expected to remain relatively constant. Given the lack of future growth, you will only buy this stock if you can earn at least a 15% rate of return. What is the maximum amount you are willing to pay to buy one share today?