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fast - growing firm recently paid a dividend of $ 0 . 7 0 per share. The dividend is expected to increase at a 2

fast-growing firm recently paid a dividend of $0.70 per share. The dividend is expected to increase at a 25 percent rate or the next four years. Afterwards, a more stable 13 percent growth rate can be assumed.
f 14.5 percent discount rate is appropriate for this stock, what is its value? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Stock value
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