$21$ point

How much would you be willing to pay for a preferred share that pays $$0\mathrm{.}34$ each year in a dividend, assumingly forever, with no growth in the dividend and a required return of $5\mathrm{.}70\%?$ Enter your answer rounded to the nearest cent $($i$.$e$.,$ to two decimal places such as $$17\mathrm{.}55).$