Thyrel Inc. paid an annual dividend last year of $$10$ per share. The company follows a policy to raise dividends each year by $4\%.$The required rate of return for this investment is $10\%.$

The company will be in business for $6$ years and not have a liquidating dividend $(**$ this means there is no future selling price of the stock$).$ What is the price of this stock today?

Answer: $49\mathrm{.}53($Please explain how to get this answer$)$