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Company Z-primes earnings and dividends per share are expected to grow by 3% a year. Its growth will stop after year 4. In year 5

Company Z-primes earnings and dividends per share are expected to grow by 3% 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 $3, the cost of equity is 11%, and next years EPS is $10. What is Z-primes stock price? Note: Do not round intermediate calculations. Round your answer to nearest 2 decimal points.

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