Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of $17\%$ for the next $4$ years, after which competition will probably reduce the growth rate in earnings and dividends to zero. The company's last dividend was $$1\mathrm{.}25,$ its beta is $1\mathrm{.}20,$ the market risk premium is $5\mathrm{.}50\%,$ and the risk$-$free rate is $3\mathrm{.}00\%.$ What is the current price of the common stock? Do not round intermediate calculations.

$$25\mathrm{.}32$

$$23\mathrm{.}04$

$$22\mathrm{.}81$

$$19\mathrm{.}85$

$$20\mathrm{.}99$