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JT Industries just paid a dividend of $1.5 per share. The dividend will grow at 8% for the next three years. After that, the dividend

JT Industries just paid a dividend of $1.5 per share. The dividend will grow at 8% for the next three years. After that, the dividend will grow at 3.8% forever. If JT's equity cost of capital is 11.4%, what is the stock price today?

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