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Deployment Specialists just paid an annual dividend of $ 1 . Their dividend is expected to grow at 2 0 % for two years and

Deployment Specialists just paid an annual dividend of $

1 .

Their dividend is expected to grow at

20 %

for two years and then at

2 %

thereafter. If the required return for Deployment Specialists is

8.0 %,

what is the intrinsic value of Deployment Specialists stock? Round your answer to two decimal places.

Your Answer:

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