A Canadian wireless communications company earned $$3\mathrm{.}46$ per share in $2018$ and paid dividends of $$1\mathrm{.}62$ per share. Analysts forecast an annual earnings growth rate of $6\mathrm{.}2\%$ for the next $5$ years. Based on similar$-$risk companies, the estimated required rate of return on the stock is $9\mathrm{.}7\%.$ It is assumed that after $2023$ onward, the company will maintain its current reinvestment rate but earn only its cost of capital on new investments. Estimate the current stock price at the beginning of $2019.$