$($Common stock valuation$)$ Gilliland Motor, Inc., paid a $$4\mathrm{.}09$ dividend last year. If Gilliland's return on equity is $23$ percent, and its retention rate is $26$ percent, what is the value of the common stock if the investors require a rate of return of $17$ percent?

The value of the common stock is $$27\mathrm{.}12.($Round to the nearest cent.$)$