Doorway Inc. has the a preferred stock outstanding that has a $50.00 annual dividend, with a $1,000 par value. It matures after twenty-five (25) years. If comparable yields are 9 percent (9%), what should be the price of the preferred stock? SHOW YOUR CALCULATIONS TO GET FULL CREDIT. IF YOU USE A FINANCIAL CALCULATOR OR EXCEL FUNCTION, LIST YOUR INPUTS IN ADDITION TO YOUR ANSWER.