Upper Gullies Corp. just paid a dividend of $$2\mathrm{.}40$ per share. The dividends are expected to grow at $16\%$ for the next eight years and then level off to a $6\%$ growth rate indefinitely. If the required return is $15\%,$ what is the price of the stock today? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places.$)$