You are investing in a share of stock. The share will pay a dividend of $$6\mathrm{.}4$ at the end of the first year. The dividend is expected to grow forever at a rate of $3\mathrm{.}89\%$ per year. You require a $11\%$ rate of return on the stock investment. What is a fair price $($or$,$ value$)$ for this share of stock?

To nearest $$0\mathrm{.}01$