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A firm recently paid a $1 annual dividend. The dividend is expected to increase by $0.10 per year for each of the next four years.

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A firm recently paid a $1 annual dividend. The dividend is expected to increase by $0.10 per year for each of the next four years. Four years from today, the stock price is expected to be $100. If the required rate of return for this stock is 14%, what is its value? (Round your answer to 2 decimal places. Do not include a dollar sign.)

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