Antiques $$R$$ Us is a mature manufacturing firm. The company just paid a dividend of $$10\mathrm{.}60,$ but management expects to reduce the payout by $4\mathrm{.}75$ percent per year, indefinitely.

If you require a return of $11$ 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$.,32\mathrm{.}16.)$