You are considering buying common stock in Grow On$,$ Inc. You have projected that the next dividend the company will pay will equal $$5\mathrm{.}60$ and that dividends will grow at a rate of $7\mathrm{.}0\%$ per year thereafter. The firm's beta is $2\mathrm{.}28,$ the risk$-$free rate is $6\mathrm{.}7\%,$ and the market return is $15\mathrm{.}8\%.$ What is the most you should pay for the stock now?

$$29\mathrm{.}30$

$$27\mathrm{.}38$

$$20\mathrm{.}40$

$$21\mathrm{.}83$

$$29\mathrm{.}92$