You want to buy a share of Rotten Apple's stock. As a shareholder, you can expect annual dividend of $3,50 and $3.60 at the end of year 1 and 2, respectively. Also, you can sell your Rotten Apple's stock for $25.00 at the end of year 2. With the required rate of return of 12%, how much are you willing to pay to buy this stock now? Round up to the 2nd decimal