Penguin, Incorporated, has balance sheet equity of $$6\mathrm{.}2$ million. At the same time, the income statement shows net income of $$948,600.$ The company paid dividends of $$493,272$ and has $100,000$ shares of stock outstanding. If the benchmark PE ratio is $26,$ 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$.,32\mathrm{.}16.)$