E$-$Eyes.com has a new issue of stock it calls $20/20$ preferred. The stock will pay a $$20$ dividend per year, forever, but the first dividend will not be paid until $20$ years from today. If you require a return of $9\mathrm{.}75$ percent on this stock,

What should the price be today?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$