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The most recent dividend was $2.28. The expected dividend growth for years 1 to 10 is 4.5% per year. After year 10, dividends are expected

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The most recent dividend was $2.28. The expected dividend growth for years 1 to 10 is 4.5% per year. After year 10, dividends are expected to grow at 1.16% forever. If the cost of equity is 3.6%, what is the current price at time year 0 (in $ to 2 decimal places, 3.24 for $3.24)

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