A share of common stock pays dividends with a constant growth rate as D₀=${div0}, D₁= $7.28, D₂= $7.5712, . The trend of dividend payments continues indefinitely. Suppose the return on the stock market is 9.2%, the return on the risk free assets is 3%, and the companys beta is 1. Compute the value of this stock.

Note that you should round off your answer at two decimal points. For example, 23.4567 = 23.46.