You own shares ofCullumberDVD Company and are interested in selling them. With so many people downloading music these days, sales, profits, and dividends atCullumberhave been declining8percent per year. The firm just paid a dividend of $1.85per share. The required rate of return for a stock this risky is12percent. If dividends are expected to decline at8percent per year, what is a share of the stock worth today?(Round answer to 2 decimal places, e.g. 15.20.)