PeteCorp's stock has a Beta of 1.20. Its dividend is expected to be $2.82 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 8%. 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 12.3456,12.3456%, or $12.3456, you should enter 12.35)