(Preferred stock valuation) You are considering an investment in one of two preferred stocks, TCF Capital or TAYC Capital Trust. TCF Capital pays an annual dividend of $ 4.74 , while TAYC Capital pays an annual dividend of $ 4.52 . If your required return is 9 percent, what value would you assign to the stocks?

The value of the TCF Capital preferred stock is __$ per share.(Round to the nearest cent.)

The value of the TAYC Capital preferred stock is __$ per share.(Round to the nearest cent.)