$24.$ Currently, Rf $=4\%$ and the market risk premium $($i$.$e$.,$ Rm $$ Rf$)=8\%.$ Assume that GoFern Company has a share of stock outstanding that just paid a dividend of $$4\mathrm{.}60$ per share. The dividends of the company are expected to grow at a constant rate of $3\%$ per year forever. If GoFern Company$$s stock currently has a beta of $0\mathrm{.}8,$ according to the Capital Asset Pricing Model and the constant dividend growth model, what is the current equilibrium price of GoFern Company$$s stock?