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Growing Real Fast Company (GRF) is expected to have a 25 percent growth rate for the next four years (affecting D1, D2, D3, and D4).Beginning

Growing Real Fast Company (GRF) is expected to have a 25 percent growth rate for the next four years (affecting D1, D2, D3, and D4).Beginning in year five, the growth rate is expected to drop to 3 percent per year and last indefinitely.If GRF just paid a $3.00 dividend and the appropriate discount rate is 18.5 percent, then what is the value of a share of GRF? Enter your answer to two decimal places.

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