Holyrood Co$.$ just paid a dividend of $$1\mathrm{.}85$ per share. The company will increase its dividend by $24\%$ next year and will

then reduce its dividend growth rate by $6$ percentage points per year until it reaches the industry average of $6\%$

dividend growth, after which the company will keep a constant growth rate forever. If the required return on Holyrood

stock is $14\%,$ what will a share of stock sell for today? $($Do not round intermediate calculations. Round the final

answer to $2$ decimal places.$)$

Stock price

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