11. The growth in per share free cash flow to equity (FCFE) of SYNK Inc. is expected to be 8% per year for the next two years, followed by a growth rate of 4% per year for three years. After this five-year period, the growth in per share FCFE is expected to be 3% per year, indefinitely. The required rate of return on SYNK Inc. is 11%. Last years per share FCFE was $2.75. What should the stock sell for today?

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