Five Star Corporation will pay a dividend of $$2\mathrm{.}94$ per share next year. The company pledges to increase its dividend by $4\mathrm{.}5$ percent per year indefinitely. If you require a return of $12$ percent on your investment, how much will you pay for the company$$s stock today?

$($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Stock Price: $\_\_\_\_\_\_\_\_\_$