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Eagle Studios recently paid a dividend of R1.04 which is expected to grow at 28% for two years and then at a constant growth rate

Eagle Studios recently paid a dividend of R1.04 which is expected to grow at 28% for two years and then at a constant growth rate of 2.7% thereafter. How much are investors willing to pay for Eagles shares at the end of year two if the required return is 19.1%? (Round off answer to two decimal places)

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