Pharsalus Inc. just paid a dividend (i.e., DO) of $ 3.22 per share. This dividend is...

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Pharsalus Inc. just paid a dividend (i.e., DO) of $ 3.22 per share. This dividend is expected to grow at a rate of 3.7 percent per year forever. The appropriate discount rate for Pharsalus's stock is 12.1 percent. What is the price of the stock? Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, record $18,124.24985 as 18124.25. Pharsalus Inc. just paid a dividend (i.e., DO) of $ 3.22 per share. This dividend is expected to grow at a rate of 3.7 percent per year forever. The appropriate discount rate for Pharsalus's stock is 12.1 percent. What is the price of the stock? Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, record $18,124.24985 as 18124.25.