$7-$ Dyer Furniture is expected to pay a dividend of D$1=$ $$1\mathrm{.}25$ per share at the end of the year, and that dividend is expected to grow at a constant rate of $6\mathrm{.}00\%$ per year in the future. The company's beta is $1\mathrm{.}15,$ the market risk premium is $5\mathrm{.}50\%,$ and the risk$-$free rate is $4\mathrm{.}00\%.$ What is Dyer's current stock price?