Assume IBM is expected to pay a total cash dividend of $$4\mathrm{.}12$ next year and dividends are expected to grow indefinitely by $2\mathrm{.}8$ percent a year. Assume the required rate of return $($i$.$e$.$ equity holder's opportunity cost of capital$)$ is $10\mathrm{.}3$ percent. Assuming this is the best information available regarding the future of this firm, what would be the most economically rational value of the stock today $($i$.$e$.$ today's "price"$)?$ Answer to $2$ decimal places.