Mountain Corporation just paid a dividend of $$2\mathrm{.}20$ per share. The dividends are expected to grow at $24$ percent for the next eight

years and then level off to a growth rate of $3\mathrm{.}5$ percent indefinitely. If the required return is $12$ percent, what is the price of the stock

today?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$