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A company has had EPS of $5 over the last year and expects its earnings to grow at a constant rate of 3%. your required

A company has had EPS of $5 over the last year and expects its earnings to grow at a constant rate of 3%. your required rate of return for this company is 12%. If the company retains 60% of its earnings for growth and pays out the rest as dividends, what is the value of the stock today? Enter your answer to two decimals with no $ sign.

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