Eva AB is experiencing rapid growth. Dividends are expected to grow at 21 per cent per year during the next three years, 15 per cent over the following year, and then 10 per cent per year indefinitely. The required return on this equity is 13 per cent, and it currently sells for 54 per share.

Required: Determine the projected dividend for the coming year. (Do not round intermediate steps. Round your answer to 2 decimal places (e.g., 32.16). The program includes a margin of error of +/- 1%.) Projected dividend

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