Antlques R Us is a mature manufacturing firm. The company Just paid a dividend of $$1200,$ but management expects to reduce the payout by $5\mathrm{.}25$ percent per year, Indefinitely. If you require a return of $10$ percent on this stock, what will you pay for a share today? Note: Do not round Intermedlate calculatlons and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

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