Long-term bonds are currently yielding 3% and the average risk premium on long-term government bonds is 2%. Apple has a market beta of 1.5 and the market-risk premium is 6%. Investors in Apple have a cost of equity that is calculated using the CAPM with the long-term risk free rate as the risk-free rate. A new innovation allows Apple to generate an additional dividend of $0.20 per share in perpetuity, starting in one year, and this dividend is expected to grow by 5% each year following the first year. All interest rates, rates of return, and growth rates are APR rates compounded annually. How much should Apple's share price increase today based off of the present value of this new dividend stream? Your answer should be exact and entered in dollars. (Example: $ 1.50 would be entered as 1.5)