Great Pumpkin Farms (GPF) just paid a dividend of $3 on its stock. The growth rate in dividends is expected to be a constant 3 percent per year indefinitely. Investors require a 16 percent return on the stock for the first 3 years, a 11 percent return for the next 3 years, and an 8 percent return thereafter. The current share price for GPF stock is $______________ . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))