The stock of Robotic Atlanta Inc. is trading at \$ 36.15 per share. In the past, the firm has paid a constant dividend (i.e., g=0 ) of $4.93 per share and it has just paid an annual dividend (i.e., D0 = 4.93 ). 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 6.5% 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)