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Five Star Corporation will pay a dividend of $ 4 . 2 0 per share next year. The company pledges to increase its dividend by

Five Star Corporation will pay a dividend of $4.20 per share next year. The company pledges to increase its dividend by 6.5 percent per year, indefinitely. If you require a return of 10 percent on your investment, how much will you pay for the company's stock today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
\table[[Current stock price,$,127.80]]
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