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3. You believe that Sunshine Products Corp will pay a dividend of $4.88/share next year. If you estimate Sunshine Products' Cost of Equity is

3. You believe that Sunshine Products Corp will pay a dividend of $4.88/share next year. If you estimate Sunshine Products' Cost of Equity is 8.5% and you expect Sunshine Products net income will grow 5.0%/year in the future, what is your estimate of Sunshine Products' true value per share now?

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