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9 M Co . plans to distribute $ 5 million in cash dividends, and another $ 5 million via share repurchase, every year indefinitely. If
M Co plans to distribute $ million in cash dividends, and another $ million via share repurchase, every year indefinitely. If the firm's cost of equity capital is and there are million shares outstanding, then what is the estimated stock price today? Answer in dollars and cents, with your answer rounded to the nearest cent.
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