A stock is expected to pay a dividend of $$3\mathrm{.}00$ at the end of the year $($i$.$e$.,$ D$1=$ $$3\mathrm{.}00),$ and it should continue to grow at a constant rate of $4\%$ a year. If its required return is $12\%,$ what is the stock's expected price $1$ year from today? Do not round intermediate calculations. Round your answer to the nearest cent.

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