Summit Systems will pay a dividend of $ $1\mathrm{.}42$ this year. If you expect$$ Summit's dividend to grow by $6\mathrm{.}7\%$ per$$ year, what is its price per share if the$$ firm's equity cost of capital is $10\mathrm{.}6\%?$

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Part $1$

The price per share is $$$

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enter your response here. $($Round to the nearest$$ cent.$)$