PeteCorp's stock has a Beta of 1.15. Its dividend is expected to be $2.93 next year. and will grow by 6% per year after that indefinitely. Assume the risk-free rate is 3%, and the Market Risk Premium is 8%. The stock price would currently be estimated to be $ Round your FINAL answer to 2 decimal places (example: 12.3456 = 12.35), but do NOT round any intermediate work. Margin of error for correct responses: +/-.05.