A firm is expected to pay a dividend of $$2\mathrm{.}15$ next year and $$2\mathrm{.}45$ the following year. Financial analysts believe the stock will be at their price target of $$115$ in two years.

Compute the value of this stock with a required return of $11\mathrm{.}1$ percent. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Value of stock