JFG stock is expected to pay a dividend of $$5\mathrm{.}75$ a share in one year. Thereafter, the expected annual growth rate of the dividend is $5\mathrm{.}4\%.$ Based on the Dividend Growth model, what is the most that you would be willing to pay for a share of JFG stock today if your required rate of return is $12\mathrm{.}9\%$ per annum? Answer to the nearest penny.

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