You are considering acquiring a common stock that you would like to hold for one year. You expect to receive $20 from the sale of the stock at the end of the year. Assume the risk-free rate is 2%, the stock has a beta of 1.5, and the market risk premium is 8%. According to the CAPM, what should be the price of the stock today? (Report you answer as a number rounded to two decimal places. If your answer is $123.456, write 123.45.)