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 $14\%$ 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 $=$$