Pharsalus Inc. just paid a dividend $($i$.$e$.,$ D$0)$ of $$1\mathrm{.}36$ per share. This dividend is expected to grow at a rate of $2\mathrm{.}5$ percent per year forever. The appropriate discount rate for Pharsalus's stock is $10\mathrm{.}6$ percent. What is the price of the stock? $($Round your answer to $2$ decimal places and record your answer without dollar sign or commas$).$