65 An analyst gathers the following information about Health-Drinks Inc. The median trailing P/E for companies in the same industry is 10. The analyst expects a constant growth rate of 5% after Year 3.

| | Year 1 | Year 2 | Year 3 |

|----------|----------|----------|----------|

| Earnings per share | $13.20 | $14.52 | $15.25 |

| Dividend per share | $6.60 | $7.26 | $7.62 |

Using industry P/E as the benchmark, Health-Drinks Inc.'s terminal value per share at Year 3 is closest to: