A company currently pays a dividend of $$3$ per share $($D$0=$ $$3).$

It is estimated that the company's dividend will grow at a rate of

$22\%$ per year for the next $2$ years, then at a constant rate of $6\%$

thereafter. The company's stock has a beta of $1\mathrm{.}8,$ the risk$-$free

rate is $7\mathrm{.}5\%,$ and the market risk premium is $4\%.$ What is your

estimate of the stock's current price? Round your answer to the

nearest cent.