VALUATION OF A CONSTANT GROWTH STOCK A stock is expected to pay a dividend of $2.75 at the end of the year (i.e., D1 = $2.75), and it should continue to grow at a constant rate of 5% a year. If its required return is 13%, what is the stock's expected price 3 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.