A stock just paid a dividend of D₀= $2.3. The required rate of return is r_s= 11.7%, and the constant growth rate is g = 4.7%. What is the current stock 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.