Question: Larch Foods Inc.'s current dividend is $4.00. Dividends are expected to decline by 4 percent per year for the next three years, and then remain

Larch Foods Inc.'s current dividend is $4.00. Dividends are expected to decline by 4 percent per year for the next three years, and then remain constant thereafter. The required rate of return for this type of company is 15 percent. What is the current stock price for Larch Foods?

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