You are valuing the ordinary shares of Pride Ltd$.$ The share has just paid an annual dividend of $$3\mathrm{.}50$ per share and you require $12\%$ return for this share. Calculate the current price of the share if the dividends are expected to grow at $10\%$ a year for each of the next $3$ years, and then settle down to $5\%$ a year indefinitely? $($Show answer correct to two decimal places.$)$