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ACME expects its dividends to grow at a 30% rate for the next 3 years, with the growth rate falling to a constant 6% thereafter.

ACME expects its dividends to grow at a 30% rate for the next 3 years, with the growth rate falling to a constant 6% thereafter. If the discount rate is 13% and ACME just paid a dividend of $2.75, what is the price?

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