Mitchell Mineral Water, Incorporated, will pay a quarterly dividend per share of $$1\mathrm{.}40$ at the end of each of the next $12$ quarters. Thereafter, the dividend will grow at a quarterly rate of $1\mathrm{.}2$ percent, forever. The appropriate rate of return on the stock is $10$ percent, compounded quarterly. What is the current stock price? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Stock price