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JC Inc will pay dividends of $6.78 exactly one year from today and $6.86 exactly two years from today. After the second dividend, future dividends

JC Inc will pay dividends of $6.78 exactly one year from today and $6.86 exactly two years from today. After the second dividend, future dividends will grow at a constant rate of 7% per year indefinitely. Using a discount rate of 13.3%, estimate a fair price for JC's stock. Round your answer to the nearest penny.

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