You have been asked to value ABC 's common stock. The stock just paid a dividend of $7.33. Dividends are paid annually. The dividend is expected to growth by 33.8% per year for the next 3 years. Thereafter the dividends will increase by 5.4% per year. The required rate of return is 13.9% compounded annually. What is the price of the stock today? Your answer should be accurate to two decimal places