[Solved] BackRazors R Us just paid a dividend (D0)

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BackRazors R Us just paid a dividend (D0) of $0.70. You expect future dividend growth of 5% every year thereafter. How much is the stock

BackRazors R Us just paid a dividend (D0) of $0.70. You expect future dividend growth of 5% every year thereafter. How much is the stock worth today if the equity cost of capital is 11.8%? Round your answer to the nearest penny.

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