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Dublin Brewers has 42 million shares outstanding and expects earnings at the end of this year of $127 million. Dublin plans to pay out 40%

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Dublin Brewers has 42 million shares outstanding and expects earnings at the end of this year of $127 million. Dublin plans to pay out 40% of its earnings as a dividend and 10% of its earnings through share repurchases. The firm has an equity cost of capital of 13%. If Dublin's earnings are expected to grow by 7.5 % per year and these payout rates remain constant, what is Dublin's share price? Round to 2 decimal places. i.e. 1.00 for $1.00 per share

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