Required:

The risk$-$free rate of return is $5\%,$ the required rate of return on the market is $10\%,$ and High$-$Flyer stock has a beta coefficient of $1\mathrm{.}1.$ If the dividend per share expected during the coming year, $D_1,$ is $$2\mathrm{.}60$ and $g=4\%,$ at what price should a share sell? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Share price