Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $$10\mathrm{.}80,$ but management expects to reduce the payout by $5\mathrm{.}25$ percent per year, indefinitely. If you require a return of $9$ 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$.,32\mathrm{.}16.$