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A company is expected to pay a dividend of $ 3 . 1 , $ 3 . 2 , $ 3 . 3 , and

A company is expected to pay a dividend of $3.1, $3.2, $3.3, and $3.4 per share in the next 4 years (until t =4), respectively. The stock has a discount rate of 6.2%. The company's forecast earnings per share (EPS) and P/E ratio for year 4 are $14 and 21.0, respectively. What is the intrinsic value of the stock?

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