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5. Assume your company does not pay dividends but plans to spend 4 million euros on share repurchases at the end of the year. If

5. Assume your company does not pay dividends but plans to spend 4 million euros on share repurchases at the end of the year. If your company's cost of equity is 8% and the amount spent on share repurchases is expected to grow by 5% per year. If your company has 8 million shares outstanding, what is the price per share of your company?

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