PLEASE DO NOT USE EXCEL!!!!

Problem $12-5$ Preferred Stock Price

Suppose that a preferred stock is paying an annual dividend of $$5\mathrm{.}75,$ has a $7\%$ rate of return, and is callable in $10$ years at a price of $$210.$

What should be the price of each share?

The price of each share should be $

$.$ Round your answer to the nearest two decimal places.