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A stock will pay dividends of $1, $4, and $8 over the next three years, and then increase dividends at a rate of 9% afterwards.

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A stock will pay dividends of $1, $4, and $8 over the next three years, and then increase dividends at a rate of 9% afterwards. Its required rate of return is 15%. What is the value of the stock? Round your answer to the nearest cent (one-hundredth). Do not include the dollar sign ($)

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