Odell's One-Handed Grabs will pay a dividend of $3.50 per share next year. The company pledges to increase its dividend by 3.60 percent per year indefinitely. If you require a return of 8 percent on your investment, how much will you pay for the company's stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Do not input a dollar sign with your answer.) Numeric Response