You are interested in investing in a company that expects to grow steadily at an annual rate of 5 percent for the foreseeable future. The company...

You are interested in investing in a company that expects to grow steadily at an annual rate of 5 percent for the foreseeable future. The company just paid a dividend of $6.58. If your required rate of return is 17 percent p.a., what is the most you would be willing to pay for this share? (Round to the nearest cent)