A change in competition in Karma Sisters' market is going to have an impact on the growth in the firm's dividends. A current dividend of $ $1\mathrm{.}16$ was paid yesterday by Karma Sisters' $,$ and this dividend is expected to increase by $12\%$ in the first year. Dividends are expected to increase by $9\%\%$ in the second year. After that point, the growth in dividends is expected to return to the firm's long$-$run constant growth of $5\mathrm{.}4\%.$ Assume investors in Karma Sisters' stockholders require a rate of return of $8\mathrm{.}9\%.$ Calculate the current price of Karma Sisters stock. Enter your answer to the nearest $\mathrm{.}01.$ Do not use $ or $,$ signs in your answer.