Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in rows $6$ through $8.$ The required answer is in rows $14.$

Five Star Corporation will pay a dividend of $$3\mathrm{.}04$ per share$$next year. The company pledges to increase its dividend by $3\mathrm{.}75$ percent per year$$indefinitely$.$ If you require a return of $11$ percent on your investment, how much will$$you pay for the company$$s stock today?

Input area:

Dividend next year $$3\mathrm{.}04$

Dividend growth rate $3\mathrm{.}75\%$

Required return $11\%$

$($Use cells A$6$ to B$8$ from the given information to complete this question.$)$

Output area:

Price $$