Consider the case of THC Endowment:

THC Endowment is an institutional investor and owns preferred stocks worth a 20% stake in Scorecard Corp. Scorecard Corp. paid out dividends of $168,000 to THC Endowment this year. Scorecard Corp. had issued perpetual preferred stock with a par value of $100 and pays a(n) 8.00% annual dividend. Investors required return on Scorecard Corp.s preferred stock is 10.72%, and the tax rate for both companies is 25%. Based on the information given, calculate the following:

	Value
The current market price of Scorecard Corp.s preferred stock is:
THC Endowment tax liability on its dividend income will be: