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Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are

Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (r,) is 12.0%. What is the best estimate of the current stock price?

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