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Apocalyptica Corp. pays a constant $9.96 dividend on its stock. The company will maintain this dividend for the next 8 years and will then cease

Apocalyptica Corp. pays a constant $9.96 dividend on its stock. The company will maintain this dividend for the next 8 years and will then cease paying dividends forever. If the required return on this stock is 8.8%, what is the current share price? (Round answer to two decimal places.)

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