Suppose that a company pays annual dividends that are expected to grow at a constant rate of 5% per year forever. The company just paid a dividend of $3. If the market requires an annual return of 13% on this stock, what should we expect the price to be in 5 years? [Keep AT LEAST 4 decimal place on ALL intermediate steps. Express your final answer in dollars and cents (rounded to 2 decimal places)]

Price in 5 years = $?