A firm's dividends are expected to decline at a constant rate of 5% per year. The dividend one year from now is expected to be $2.94 and the required return on the stock is 9%. The current price of the stock should be $ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/-.05.