$($Common stock valuation$)$ Gilliland Motor, Inc., paid a $$4\mathrm{.}42$ dividend last year. If Gilliland's return on equity is $31$ percent, and its retention rate is $39$ percent, what is the value of the common stock if the investors require a rate of return of $21$ percent?

The value of the common stock is $$.($Round to the nearest cent.$)$