Question: Currently, Queen Inc. pays no dividends. However, analysts forecast that in 5 years Queen Inc. will pay its first annual dividend of $ 0 .

Currently, Queen Inc. pays no dividends. However, analysts forecast that in 5 years Queen Inc. will pay its first annual dividend of $0.55 and dividends will grow at 2.8% per year thereafter. If stocks with similar risk to the equity of Queen Inc. currently earn 15.3%, estimate the current share price of Queen Inc.
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