$($Estimated time allowance: $9$ minutes$)$ ETP Corp. paid an annual dividend last year of $$10$ per share. The company follows a policy to raise dividends each year by $4\%.$

The company will be in business for $13$ years and not have a liquidating dividend $(**$ there is no future selling price at the end of $13$ years$).$ The required rate of return for this investment is $12\%.$

What is the price of this stock today?

For your answer, round to $2$ decimals and do not use the $$.$ Do not use commas to separate thousands.

For example, if your result is $$103\mathrm{.}679$ then enter $103\mathrm{.}68$ ;

if your result is $$10$ then enter $10\mathrm{.}00$ ;

if your result is $$8\mathrm{.}4$ then enter $8\mathrm{.}40$