You are considering an investment in one of two preferred$$ stocks, TCF Capital or TAYC Capital Trust. TCF Capital pays an annual dividend of $ $3\mathrm{.}16,$ while TAYC Capital pays an annual dividend of $ $3\mathrm{.}39.$ If your required return is $14$percent$,$ what value would you assign to the$$ stocks?

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Part $1$

The value of the TCF Capital preferred stock is $$$

$$

enter your response here per share.$($Round to the nearest$$ cent.$)$