A company currently pays a dividend of $$2\mathrm{.}2$ per share $($D$0=$ $$2\mathrm{.}2).$ It is estimated that the company's dividend will grow at a rate of $16\%$ per year for the next $2$ years, and then at a constant rate of $5\%$ thereafter. The company's stock has a beta of $1\mathrm{.}2,$ the risk$-$free rate is $9\%,$ and the market risk premium is $4\mathrm{.}5\%.$ What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent.

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