Question: Calle Enterprises' stock offered a dividend of $2.9 per share at the end of last year. The dividend is projected to increase at a constant rate of 3.88% per year for the foreseeablefuture. The required rate of return on the stock, rs, is 7.91%. What is the stock's expected price today? Submit your answer as a price to two decimal places (Ex. $0.00)