Use the Dividend Growth Model to compute the expected price of a stock in $2$ years. Each share is expected to pay a dividend of $$4\mathrm{.}24$ in one year. Investors $\text{'}$ annual required rate of return is $9\mathrm{.}8\%,$ and the expected growth rate of the dividend is $2\mathrm{.}6\%$ per annum. Answer to the nearest penny.

Answer: