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A company follows a dividend policy that raises dividends annually at a rate of 3 % ( and expects this rate to go forever )

A company follows a dividend policy that raises dividends annually at a rate of 3%(and expects this rate to go forever). The company just paid an annual dividend of $3.36. The required rate of return is 20%.
What is today's stock price?
For your answer round to the nearest 2 decimals. Do not use the $ sign in your answer. For example, if the answer is $3.237 enter your answer as 3.24 ; Do not enter it as $3.237,$3.2,3.2, or 3.237
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