General Mills, Inc., (Ticker: GIS), an American multinational manufacturer and marketer of branded processed consumer foods sold through retail stores, pays an annual dividend of $3.78. In their most recent earnings call, management states that they are confident that they will be able to steadily increase the firm's dividend at a rate of 2.30% for the foreseeable future. Assuming an equity cost of capital of 8.20% what is the value of General Mills' stock price today?