A firm just paid a dividend of $$2\mathrm{.}45$ per share on its stock. The dividends are expected

to grow at a constant rate of $4\mathrm{.}55\%$ per year, forever. If investors require a rate of return of $19\mathrm{.}25\%,$

compute the stock$$s current fair value. Round to the nearest $$0\mathrm{.}01.$