Carla Vista, Inc., is a mature firm that is growing at a constant rate of $5\mathrm{.}86$ percent per year. The last dividend that the firm paid was $$1\mathrm{.}30$ per share. If dividends are expected to grow at the same rate as the firm and the required rate of return on Carla Vista's stock is $10$ percent, what is the market value of the company's stock? $($Round answer to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

Market value of the company's stock

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