$29$ Five Star Corporation will pay a dividend of $$2\mathrm{.}90$ per share next year. The company pledges to increase its dividend by $4$ 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? Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$