Titan Technology's common stock pays a dividend that is expected to grow at $8\%$ for one year and then grow at a more normal rate of $5\%$ thereafter. Assume the current dividend is $$1$ per share and the required rate of return is $11\%$ for common stock.

Based on the above, what is Titan Technology's stock price?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Numeric Response