Octopus CarWash has just paid a dividend of $2.00. An analyst forecasts annual dividend growth of 5% for the next five years at t=1, 2,..., 5, after which dividends will decrease by 1% per year indefinitely (at t=6, 7, ..., ∞). The required return is 7% (EAR). What is the current value per share according to the analyst?