McMahon Company has no growth opportunities so its stock pays out all its earnings every year as dividends. Its expected annual dividend is $$8\mathrm{.}33,$ and the first payment will occur exactly $1$ year from today. McMahon's beta is $0\mathrm{.}9,$ the risk$-$free rate is $1\mathrm{.}7\%$ and the market risk premium is $9\mathrm{.}9\%.$ According to the CAPM and efficient markets, what should the stock price be today? Round your answer to the nearest penny.