Antiques 'R' Us is a mature manufacturing firm. The company just paid a dividend of $11.20, but management expects to reduce the payout by 5.25 percent per year, indefinitely. If you require a return of 12 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., 32.16.) Current share price