A company currently pays a dividend of $1.25 per share, D0 = 1.25. It is estimated that the company's dividend will grow at a rate of 24% percent per year for the next 2 years, then the dividend will grow at a constant rate of 8% thereafter. The company's stock has a beta equal to 1.95, the risk-free rate is 5 percent, and the market risk premium is 5 percent. What is your estimate is the stock's current price? Round your answer to the nearest cent.