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A stock just paid a dividend of $2.57. The dividend is expected to grow at 25.90% for three years and then grow at 4.75% thereafter.

A stock just paid a dividend of $2.57. The dividend is expected to grow at 25.90% for three years and then grow at 4.75% thereafter. The required return on the stock is 10.28%. What is the value of the stock?

Round to: 2 decimal places.

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