A company just paid an annual dividend of $$0\mathrm{.}61.$ Dividends are expected to grow by $25\%$ in $1$ year, $20\%$ in the second year, and $15\%$ in the third year. After

that, dividends are expected to continue to grow at an annual rate of $8\%$ indefinitely.

If the market's required rate of return on this stock is $16\%$ per year. What is the current price per share?

$[$Keep AT LEAST $4$ decimal place on ALL intermediate steps. Round your final answer to $2$ decimal places, expressed in dollars and cents $($ie $$12\mathrm{.}34)]$

Current price $=$$