Penguin, Incorporated, has balance sheet equity of $$5\mathrm{.}1$ million. At the same time, the income statement shows net income of $$724,200.$ The company paid dividends of $$416,415$ and has $150,000$ shares of stock outstanding. If the benchmark PE ratio is $20,$ what is the target stock price in one year? Assume the firm will grow at the sustainable growth rate. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$