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Bills Bakery has current earnings per share of $2.74. Current book value is $4.6 per share. The appropriate discount rate for Bills Bakery is 9

Bills Bakery has current earnings per share of $2.74. Current book value is $4.6 per share. The appropriate discount rate for Bills Bakery is 9 percent. Calculate the share price for Bills Bakery if earnings grow at 3.6 percent forever. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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