The Jackson$-$Timberlake Wardrobe Co$.$ just paid a dividend of $$1\mathrm{.}98$ per share on its stock. The dividends are expected to grow at a constant rate of $3$ percent per year indefinitely. If investors require a $11$ percent return on The Jackson$-$Timberlake Wardrobe Co$.$ stock, what is the current price? Answer with $2$ decimals $($The answer should look something like $10\mathrm{.}12).$