Company Z$-$prime's earnings and dividends per share are expected to grow by $5\%$ a year. Its growth will stop after year $4.$ In year $5$

and afterward, it will pay out all earnings as dividends. Assume next year's dividend is $$7,$ the cost of equity is $9\%,$ and next year's EPS

is $$14.$ What is Z$-$prime's stock price?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Answer is complete but not entirely correct.