An analyst has been following American Dream stock. He projects the following dividends for the next three years:

YEAR $123$

Dividend $$1\mathrm{.}61$ $$2\mathrm{.}54$ $$3\mathrm{.}10$

The analyst notes that American Dream stock has a required return of $9\mathrm{.}95\%.$ The analyst projects that dividends will grow at a constant rate of $3\mathrm{.}00\%$ per year after year $3.$

What is the current price of the stock if his assumptions are correct?