Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 23 percent per year for the next 9 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 14 percent. If the dividend per share just paid was $1.72, what is the stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)