Dividend Discount Model Calculation

In equity valuation, the Dividend Discount Model (DDM) is a method used to determine the value of a stock by using the forecasted dividends. The model assumes that dividends will grow at a constant rate. If a company is expected to pay a dividend of $2.00 next year and the required rate of return is 8%, what would be the value today of the stock using the Gordon Growth Model, assuming a dividend growth rate of 5%?