PeteCorp's stock has a Beta of $1\mathrm{.}35.$ Its dividend is expected to be $$2\mathrm{.}46$ next year, and will grow by $7\%$ per year after that indefinitely. Assume the risk$-$free rate is $3\%,$ and the Market Risk Premium is $7\%.$ The stock price would currently be estimated to be $$.$

Margin of error for correct responses: $+/-05$

Rounding and Formatting instructions:

Do not enter dollar signs, percent signs, commas, X$,$ or any words in your response. Do not round any intermediate work, but round your $*$ final$*$ response to $2$ decimal places $($example: if your answer is $12\mathrm{.}3456,12\mathrm{.}3456\%,$ or $$12\mathrm{.}3456,$ you should enter $12\mathrm{.}35).$