You expect XYZ Corp. to pay an annual dividend of $0.80 per share one year from today and an annual dividend of $1 per share two years from today. After that, you expect annual dividends to grow at 6% per year forever. The required return is 11%. What should the stock price be? Round your final answer to the nearest cent.

$26.17

$12.85

$18.74

$43.01