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Mc Hardware just paid an annual dividend of $ 1 . 1 5 per share. Today, the company announced that future dividends will be increasing

Mc Hardware just paid an annual dividend of $1.15 per share. Today, the company announced that future dividends will be increasing by 2.6 percent annually. If you require a 12 percent rate of return, how much are you willing to pay to purchase one share of this stock today?

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