Sunland Clothiers Ltd.s current dividend is $2.90. Dividends are expected to grow by 8 percent for years 1 to 3, 6 percent for years 4 to 7, and 2 percent thereafter. The required rate of return on the stock is 11 percent. What is the current stock price for Sunland? (Round intermediate calculations to 4 decimal places, e.g. 45.1771 and final answer to 2 decimal places, e.g. 45.17.)

Stock price? __________