Over the next three years, Distant Groves will pay annual dividends of $$1\mathrm{.}65,$ $$\mathrm{.}172,$ and $$1\mathrm{.}80$ a share, respectively. After that, dividends are projected to increase by $3\mathrm{.}5$ percent per year. What is one share of this stock worth today at a required return of $10\mathrm{.}4$ percent? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$