A company just paid a dividend of $$2\mathrm{.}35$ per share. The dividend is expected to grow at a constant rate of $4\%$ per year forever. The required rate of return on the stock is $11\mathrm{.}50\%.$ Calculate the current price of the company's stock.

$$31\mathrm{.}33$

$$58\mathrm{.}75$

$$21\mathrm{.}25$

$$32\mathrm{.}59$