Ranyard's beta is 0.96, and the last dividend per share paid was $3.62. The market risk premium is estimated to be 6.45%, and the real rate of interest is 2.02%. The liquidity risk premium is 0.5%. Analysts expect the company to grow at a rate of 3.96% indefinitely. The risk free rate is 2.96%. What should be Ranyard's current stock price? Round your answer to two decimal places.