A stock you are evaluating is expected to experience super$-$ normal growth in dividends of $8$ percent over the next six years. Following this period, dividends are expected to grow at a constant rate of $3$ percent. The stock paid a dividend of $$5\mathrm{.}50$ last year and the required rate of return on the stock is $10$ percent. Calculate the stock$$s fair present value. $($LG $3-3)$