Stacker Weight Loss currently pays an annual$$ year$-$end dividend of $$$$2\mathrm{.}00$ per share. It plans to increase this dividend by $4\mathrm{.}5\%$ next year and maintain it at the new level for the foreseeable future. If the required return on this$$ firm's stock is $8\%,$ what is the value of$$ Stacker's stock?

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Part $1$

The value of$$ Stacker's stock is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$