A company that does not currently pay dividends on its stock is expected to start paying a constant $5 dividend 5 years from today. The company is expected to maintain this constant dividend for 12 years and then stop paying dividends forever. If the required return on this stock is 11%, what will the share price be 4 years from today? Do not round intermediate calculations.

Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.