Farmex Inc. has preferred stock outstanding that is paying a dividend of $4.75 per share (per year). Investors expect Farmex to have no problem in paying these dividends each year. If investors have a required return of 9.1% for preferred stock of this risk level, what should be the value (or price) of the stock? [Enter your answer showing 2 decimal places. Do not show/enter a dollar sign. For example: 15.43] Your