What is the price of a stock today if it just paid a dividend of $$3\mathrm{.}00$ and is expected to grow at $2\mathrm{.}5\%$ forever? The risk$-$free rate is $2\mathrm{.}5\%$; the market risk premium is $5\mathrm{.}0\%$; and the stock has a beta of $1\mathrm{.}0.$ Use the CAPM as needed.

Suppose for the above stock, the first dividend paid is not expected to occur until year $5($ $$3\mathrm{.}00$ is paid in year $5)$ at which point it is expected to grow at $2\mathrm{.}5\%$ forever after. What is the price of the stock today?