Mount Juliet stock will pay annual dividends of $2.08 and $3.95 in each of the next two years, with the first dividend payment occurring one year from today. You also expect its price to be $35 immediately after the second annual dividend (i.e., exactly two years from today). If the stock's required rate of return is 11.3%, what is a fair price for Mount Juliet stock today? Round your answer to the nearest penny