Ranyard's beta is 1.03, and the last dividend per share paid was $3.29. The market risk premium is estimated to be 7.84%, and the real rate of interest is 2.15%. The liquidity risk premium is 0.6%. Analysts expect the company to grow at a rate of 3.39% indefinitely. The risk free rate is 2.5%. What should be Ranyard's current stock price? Round your answer to two decimal places.