Micro plc is about to pay a final dividend for the year to 31 December 2022 of 35 pence per share. Dividends are expected to grow at 30% per year from January 2023 (for the accounting year to 31/12/2022) to January 2027, when the dividend for the accounting year 31/12/2026 will be paid. Dividends are then expected to grow at 5% per year indefinitely. The company has a beta of 0.9. The current risk-free interest rate is 3.2%, and the market premium is estimated at 4%. Using the above information, place a value on the shares of Micro plc.