E Eyes.com has a new issuc of preferred stock it calls 20/20 preferied. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today, if you require a return of 11.75 percent on this stock, how much should you pay today? Note: Do not round intermediate calculations and round your onswer to 2 decimal ploces, e.g., 32.16