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Company Z - prime s earnings and dividends per share are expected t o grow b y 4 % a year. Its growth will stop

Company Z-primes earnings and dividends per share are expected to grow by4% a year. Its growth will stop after year 4.In year 5 and afterward, it will pay out all earnings as dividends. Assume next years dividend is $6, the cost of equity is8%, and next years EPS is $13. What isZ-primes stock price?
Note: Do not round intermediate calculations. Round your answer to2 decimal places.
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