(Estimated time allowance: 7 minutes) FlorB Inc. has not paid dividends for the past 3 years. Starting a year from now, FlorB will start paying an annual dividend of $20 per share per year until year 8 (this is a period of 0% growth in dividends). Thereafter, it will increase the dividends by 5% per year forever. The required rate of return on this stock is 13%. What is the present value of dividends received during the 0% growth in dividends? 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