Laurel Enterprises expects earnings next year of $$$$3\mathrm{.}87$ per share and has a $35\%$ retention$$ rate, which it plans to keep constant. Its equity cost of capital is $10\mathrm{.}5\%,$ which is also its expected return on new investment. Its earnings are expected to grow forever. If its next dividend is due in one$$ year, what do you estimate the$$ firm's current stock price to$$ be$?$