A stock is expected to pay a dividend of $2.05 at the end of the year. The dividend is expected to grow at a constant rate of 6.8%. The required rate of return is 9.4%. What is the stock's current price? Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box