(Estimated time allowance: 3 minutes) TostFour Inc. has preferred stock with a par value of $400 and an annual 10% cumulative dividend. If required rate of return for the stock is 20%, what is price, today, of TostFour's preferred stock? For your answer, round to 2 decimals and do not use the $. Do not use commas to separate thousands. For example, if your result is $103.679 then enter 103.68 ; if your result is $10 then enter 10.00 ; if your result is $8.4 then enter 8.40