The Francis Company is expected to pay a dividend of D$1=$$$1\mathrm{.}25$ per share at the end of the year, and that dividend is expected to grow at a constant rate of $6\mathrm{.}00\%$ per year in the future. The company's beta is $0\mathrm{.}80,$ the market risk premium is $5\mathrm{.}50\%,$ and the risk$-$free rate is $4\mathrm{.}50\%.$ What will the company's current stock price be at time t$=1?$ Do not round intermediate calculations. Show all your work.