A stock is expected to pay a dividend of $1.16 at the end of the year. The required rate of return is rs = 16.57%, and the expected constant growth rate is g = 6.6%. What is the stock's current price? Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72. $13.05 $11.65 $13.75 $9.56 $11.89