The current price of the shares of Company A is $50. There are N = 1 million sharesoutstanding. Next year's (year 1) earnings and dividends per share...

The current price of the shares of Company A is $50. There are N = 1 million shares   outstanding. Next year's (year 1) earnings and dividends per share are $4 and $2, respectively. Investors expected perpetual dividend growth at g = 8% per year. The expected rate of return demanded by investors is r = 12%

What will be the value of the firm next year after the payout?