BioScience Incorporated will pay a common stock dividend of $$2\mathrm{.}50$ at the end of the year $(D_1).$ The required return on common stock $(K_e)$ is $19$ percent. The firm has a constant growth rate $(g)$ of $8$ percent.

Compute the current price of the stock $(P_0).$

Note: Do not round intermediate calculations. Round your $$nswer to $2$ decimal places.