Earnings per common share of ABC Industries for the current year (Year 0) are expected to be $3.95 and to grow 10.5 percent per year over the next 4 years. At the end of the 5 years (i.e. at the end of Year 4), earnings growth rate is expected to fall to 4.75 percent and continue at that rate for the foreseeable future. ABC’s dividend payout ratio is 40 percent. If the expected return on ABC's common shares is 19.5 percent, calculate the current share price. (Round your answer to the nearest cent.)