Star Wars Inc plans to issue preferred stock with a perpetual annual dividend of $5 per share and a par value of $60. If the required return on this stock is currently 15%, what should be the stocks market value?

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Star Wars Inc plans to issue preferred stock with a perpetual annual dividend of $5 per share and a par value of $60. If the required return on this stock is currently 15%, what should be the stock's market value? TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONS YOU USED TO ARRIVE AT THAT