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Avril Synchronistics will pay a dividend of $1.30 per share this year. It is expected that this dividend will grow by 3% each year in

Avril Synchronistics will pay a dividend of $1.30 per share this year. It is expected that this dividend will grow by 3% each year in the future. What will be the current value of a single share of Avril's stock if the firm's equity cost of capital is 12%?

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