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Cullumber Ltd just paid a $5.60 dividend which is expected to grow at a constant rate. Recent EPS is $8 and net income is $300,000.

Cullumber Ltd just paid a $5.60 dividend which is expected to grow at a constant rate. Recent EPS is $8 and net income is $300,000. Total equity us $1.50 million and the cost of equity is 12 percent. What is the share market price

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