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Assuming the company continues its current growth rate, what is the value per share of the company s stock? Dan has examined both the company

Assuming the company continues its current growth rate, what is the value per share of the companys stock? Dan has examined both the companys financial statements and those of its competitors. Although Ragan currently has a technological advantage, Dans research indicates that Ragans competitors are investigating other methods to improve efficiency. Given this, Dan believes that Ragans technological advantage will last only for the next five years. After that period, the companys growth will likely slow to the industry average of 8.45 percent . Additionally, Dan believes that the required return the company uses is too low. He believes the industry average required return of 15 percent is more appropriate. What is the stock price based on Dan's research

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