Problem $4-13$ Two$-$stage DCF model

Company $2-$poime's earnings and dividends per share are expected to grow by $4\%$ a year, Its gowth wall stop after year $4.$ In yeve $5$ and afterward, it will pay out all eamings as dividends. Assume next year's dividend is $$8,$ the cost of equily is $14$ K $,$ and neat year's EPS is $$15.$ What is $Z$ pilme's stock price?

Nots: Donotround thtermediate calculations. Round your answer to $2$ decimal places.

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Stock price