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2.Indian Motorcycle Company, maker of the famed FTR 1200S, just paid an annual dividend of $4.50/share. The dividend is expected to grow at 4% per

2.Indian Motorcycle Company, maker of the famed FTR 1200S, just paid an annual dividend of $4.50/share. The dividend is expected to grow at 4% per year forever. Your required rate of return is 8%. What is the most you would be willing to pay for this stock? Please show your work not using excel.

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