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A stock just paid a dividend of $1.64. The dividend is expected to grow at 23.35% for five years and then grow at 4.80% thereafter.

A stock just paid a dividend of $1.64. The dividend is expected to grow at 23.35% for five years and then grow at 4.80% thereafter. The required return on the stock is 10.24%. What is the value of the stock? Round 2 decimal places and please show formulas and steps

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