Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $$11\mathrm{.}65,$ but management expects to reduce the payout by $4$ 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$.,32\mathrm{.}16.)$

Current share price