JFG stock is expected to pay a dividend of $$2\mathrm{.}06$ a share in one year. Thereafter, the expected annual growth rate of the dividend is $4\mathrm{.}9\%.$ 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 $15\mathrm{.}2\%$ per annum? Answer to the nearest penny.

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