Suppose LlanoRiverFloaters Corporation stock just paid a one-time special dividend of $20 to distribute some excess cash. Future dividends are expected to be back to normal, with dividends paid once-annually, with an expected dividend of $3.35 next year and every year thereafter (no growth). What is the price of the stock today if the company’s asset beta is 1.2, the company is half-equity and half-debt, and there are no taxes? Assume the expected market return is 11% and treasury bonds have yields of 3%.