please answer in formulas or financial calculator values and round decimals to two decimal places for interest rates and dollar amounts in the final answer. please answer in text that can be copied and pasted instead of an image or excel worksheet.

2. Velvel Van Vleet this day will purchase the shares of Velveeta Venetian Corporation common stock. The company's most recent annual dividend paid on its stock was $1.82, and this dividend is expected to grow at a constant rate of 7.11% indefinitely. Velvel plans to hold the stock for eight years and sell the stock at that time. If his required rate of return is 23.7%, how much will he pay today for the stock? What price is he expecting to get for the stock when he sells it in 8 years