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10 points K's Fashions is growing quickly. Dividends are expected to increase by 7 percent annually for the next two years, with the growth rate

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10 points K's Fashions is growing quickly. Dividends are expected to increase by 7 percent annually for the next two years, with the growth rate falling off to a constant 4 percent thereafter. The required return is 14 percent and the company just paid its annual dividend of $2.50 per share. What is the current share price? (Round your answer to two decimal places and do not use "$")

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