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 8.75 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., 32.16