Financial analysts forecast $L$ Brands $($LB$)$ growth for the future to be $13\mathrm{.}6$ percent. LB$\text{'}$s most recent dividend was $$2\mathrm{.}30.$ What is the fair present value of $L$ Brands's stock if the required rate of return is $16\mathrm{.}4$ percent? $($Do not round intermediate calculations. Round your answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

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