A stock is expected to pay a dividend of $$1\mathrm{.}75$ at the end of the year $($i$.$e$.,D_1=$$$1\mathrm{.}75),$ and it should continue to grow at a constant rate of $7\%$ a year. If its required return is $12\%,$ what is the stock's expected price $2$ years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

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