Ricks Muffin Depot just paid a dividend of $$1\mathrm{.}50.$ Ricks Muffins has been a growing bakery and a long$-$run growth rate of $5\mathrm{.}0\%$ is reasonable for the stock. Assuming an investor has a required rate of return is $7\mathrm{.}6\%,$ what is the stock price? $($Round to two decimals$)$