please show work on how you got it as well.

dge I OT 5 Question 1 (6 points) Pera Inc. will pay a constant annual dividend of $10 starting next year (year 1) and will pay the same amount each year until year 8. Thereafter, it will increase the dividends by 2% per year forever. If the required rate of return on this stock is 8%, what is the price of this stock today (year 0)? 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 ydo obtain $432 then enter 432.00 Your