Pixie Products is growing rapidly in the current economic environment. It expects to increase dividends at a rate of 20 percent for the next three years. After that, it is expected that the growth rate will drop to 4 percent and remain at that level thereafter. If the required return is 11.0 percent and the company just paid a dividend of $2.40, what is the current share price? (Hint: Calculate the first four dividends.) (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)