please solve with the problem using excel or the formulas below with a finance calculator thank you

What is the value of a share of preferred stock that promises to pay $1.55 every year, indefinitely, if you have a required rate of return of 7.16% ? If you want to use formulas, listed below are some formulas commonly used in Constant Dividend Growth Model Calculations: The price of the stock boday (Po) assuming a dividend of Do paid boday, a constast dividend growth rate g, and the requied rale of return R Pg=RgD1=RgD0(1+g) For a peried of high growth rate g1 for n year. folowed by a conasant growth rate 0 . the phot of the siock po is calculated as This satisfies the constant divifend growth rate model