City Garden Suppliers paid a $$1$ dividend yesterday. It is

expected that the dividend will grow at $10\mathrm{.}5$ percent per year

for $5$ years, $7\mathrm{.}25$ percent per year for $12$ years, and then at

$5\mathrm{.}75$ percent per year thereafter. If the investors' expected

rate of return is $13\mathrm{.}5$ percent, what is the stock worth today?

Hint: Use the present value formula for a growing annuity:

$\frac{C_1}{r-g}[1-(\frac{1+g}{1+r}{)}^T].($Do not round intermediate

calculations. Round your answer to $2$ decimal places.$)$