Leront's, Inc. had earnings per share of $$3\mathrm{.}00.$ The company plows back $60\%$ of its earnings onto projects returning $12\%.$ If you require a rate of return of $10\%,$ how much are you willing to pay today to purchase one share of Leront's stock? $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$