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For the most recent year, DEF Company paid an annual dividend of $ 1 . 0 0 . The company expects dividends to grow by

For the most recent year, DEF Company paid an annual dividend of $1.00. The company expects dividends to grow by 10% for the next three years, and then dropping to a perpetual growth rate of 4% starting in year 4. The required return is 12%.
What is the intrinsic value per share of DEF stock?

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