Antiques R Us is a mature manufacturing firm. The company just

paid a dividend of $$11\mathrm{.}30,$ but management expects to reduce the

payout by $4\mathrm{.}5$ percent per year indefinitely. If you require a return

of $9$ percent on this stock, what will you pay for a share

today?$($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$