Problem $8-29$ Constant Growth Stock Valuation $($LG$8-5)$Waller Co$.$ paid a $$0\mathrm{.}148$ dividend per share in $2000,$ which grew

to $$0\mathrm{.}318$ in $2012.$ This growth is expected to continue.$$What is the value of this stock at the beginning of $2013$ when

the required return is $14\mathrm{.}8$ percent?$($Round the growth

rate,$$g$,$ to $4$ decimal places. Round your final answer

to $2$ decimal places.$)$