12 Saine Corporation will pay a $3.10 per share dividend next year. The company pledges to increase its dividend by 4.5 percent per year, indefinitely. If you require a return of 11 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 3.33 points Stock price ( 8 02:41:21