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Granola, Inc., just paid a dividend of $ 5 . 9 7 on its stock. The dividend growth rate is expected to remain 2 .

Granola, Inc., just paid a dividend of $5.97 on its stock. The dividend growth rate is expected to remain 2.6 percent per year indefinitely. Investors require a return of 14.7 percent on the stock for the first 5 years followed by a return of 7.5 percent thereafter. What is the current share price for the stock? Report your answer with 2-digit precision (ex.12.34). Hint: growth is start-of-period but payments are end-of-period.

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