Pharsalus Inc. just paid a dividend (i.e., DO) of $3.62 per share. This dividend is expected to grow at a rate of 8.9 percent per year forever. The appropriate discount rate for Pharsalus's stock is 10.3 percent. What is the price of the stock? Record your answer as a dollar amount rounded to 2 decimal placels, but do not include a dollar sign or any commas in your answer. For example, record 518,124.24985 as 18124,25