Valuation of XYZ Inc. Using Gordon Growth Model

John is evaluating XYZ Inc., a company known for its stable dividend payments. Currently, XYZ Inc. pays a dividend of $2.50 per share annually. John anticipates that the dividends will continue to grow at a constant rate of 6% per year. If the required rate of return for John is 10%, how much is XYZ Inc.'s stock worth according to the Gordon Growth Model, which is a type of Dividend Discount Model?