You have been asked to value ABC's common stock. The stock just paid a dividend of $5.19. Dividends are paid annually. The dividend is expected to growth by 33.2% per year for the next 3 years. Thereafter the dividends will increase by 4.2% per year. The required rate of return is 17.1% compounded annually. What is the price of the stock today? Your answer should be accurate to two decimal places.