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Chamberlain Corporation is expected to pay the following dividends over the next four years: $12.50, $8.50,...

Chamberlain Corporation is expected to pay the following dividends over the next four years: $12.50, $8.50, $7.50, and $3.00. Afterward, the company pledges to maintain a constant 4% growth rate in dividends forever. If the required return on the stock is 12%, what is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Current share price $

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