The Torbay Corporation will pay a $3.40 per share dividend next year. The company pledges to increase its dividend by 4.5 percent per year indefinitely. If you require an 11 percent retum on your investment, how much will you pay for the company's stock today? (Round the final answer to 2 decimal places.) You need to submit your answer and upload your calculations via Bb, ii not, your mark will be zero