A stock does not currently pay dividends but is expected to begin paying dividends in 3 years. The first dividend is expected to be $3. For each of the next 2 years dividends will grow at 20% each year. You expect to be able to sell the stock for $100 after you collect year 5's dividend. If your required return is 11%, what is the most you should pay for the stock? To solve, use the cash flow register on your financial calculator. (Enter only numbers and decimals in your response. Round to 2 decimal places.)