XLNT Ltd. just paid a dividend of $2.15 per ordinary share. The dividends of XLNT are expected to grow at about 4 percent per year indefinitely.

XLNT Ltd. just paid a dividend of $2.15 per ordinary share. The dividends of XLNT are expected to grow at about 4 percent per year indefinitely. If the risk-free rate is 5 percent and investors' risk premium is 7.5 percent, estimate the value of XLNT shares 3 years from now.