The stock of Robotic Atlanta Inc. is trading at $23.61 per share. In the past, the firm has paid a constant dividend (i.e., g=0 ) of $5.47 per share and it has just paid an annual dividend (i.e., D0 = 5.47). However, the company will announce today new investments that the market did not know about. It is expected that with these new investments, the dividends will grow at 7.4% forever. Assuming that the discount rate remains the same, what will be the price of the stock after the announcement? (Round your answer to 2 decimal places and record your answer without dollar sign or commas). Your