You are investing in a share of stock. The share will pay a dividend of $$8\mathrm{.}52$ at the end of the first year. The dividend is expected to grow forever at a rate of $3\mathrm{.}12\%$ per year. You require a $10\mathrm{.}42\%$ rate of return on the stock investment. What is a fair price $($or$,$ value$)$ for this share of stock?

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