EarlyOne Inc. is start-up company and therefore is not paying dividends for the next 7 years. At the following year, EarlyOne will start paying an annual dividend of $8 per share per year until year 11. Thereafter, it will increase the dividends by 4% per year forever. If the required rate of return on this stock is 8%, what is the price of this stock today? Do not use the $ sign. Use commas to separate thousands. Use to decimals. Round to the nearest cent. For example if you obtain $1,432.728 then enter 1,432.72; if you obtain $432 then enter 432.00