Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $$8\mathrm{.}15,$ but management expects to reduce the payout by $5$ percent per year indefinitely. If you require a return of $11$ percent on this stock, what will you pay for a share today?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$