Tillin Corp. is start-up company which is not paying dividends for the next 3 years. At the following year, Tillin will start paying an annual dividend of $50 per share per year until year 8. Thereafter, Tillin will increase the dividends by 5% per year forever. The required rate of return on this stock is 22%. What is the price of this stock right after the dividend in year 8 has been paid?