A company just paid a dividend of $$6\mathrm{.}81$ today. The dividend is expected to growth at constant rate of $5\mathrm{.}94\%$ forever on an annual basis. The required return on the stock is $13\mathrm{.}29\%.$ What is the expected price of this stock today? Round your answer to the nearest cent $($i$.$e$.$ two decimal places$).$

Type your answer...