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McCabe Corporation is expected to pay the following dividends over the next four years: $ 5 . 4 0 , $ 1 6 . 4

McCabe Corporation is expected to pay the following dividends over the next four years: $5.40,$16.40,$21.40, and $3.20. Afterward,
the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 9
percent, what is the current share price?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Share price
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