Assume today is December $31,2019.$ Imagine Works Inc. just paid a dividend of $$1\mathrm{.}35$ per share at the end of $2019.$ The dividend is expected to grow at $18\%$ per year for $3$ years, after which time it is expected to grow at a constant rate of $5\%$ annually. The company's cost of equity $($rs$)$ is $9\mathrm{.}5\%.$ Using the dividend growth model $($allowing for nonconstant growth$),$ what should be the price of the company's stock today $($December $31,2019)?$ Do not round intermediate calculations. Round your answer to the nearest cent.