$($b$)$

Calculate the price of CRM based on the current dividend of $$1\mathrm{.}31$ and a dividend growth rate of $3\mathrm{.}6$ percent. $($Round intermediate calculations to $5$ decimal places, e$.$g$.21\mathrm{.}36125$ and the final answer to $2$ decimal places, e$.$g$.21\mathrm{.}36.)$

Price $