Maxwell Communications paid a dividend of $$0\mathrm{.}80$ last year. Over the next $12$ months, the dividend is expected to grow at $10$ percent, which is the constant growth rate for the firm $($g$).$ The new dividend after $12$ months will represent D$1.$ The required rate of return $($Ke$)$ is $17$ percent.

Compute the price of the stock $($P$0).$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.