Dividend Discount Model Stock Valuation

In the context of Equity Valuation, the Dividend Discount Model (DDM) is a method used to value a company's stock based on the present value of its expected future dividends. This model assumes that dividends will grow at a constant rate indefinitely.

Consider a company that is expected to pay a dividend of $2 per share next year and has a growth rate of 5%. Using the DDM, if you require a return of 10%, what is the value of this stock?