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McCabe Corporation is expected to pay the following dividends over the next four years: $ 6 . 4 0 , $ 1 7 . 4

McCabe Corporation is expected to pay the following dividends over the next four years: $6.40, $17.40, $22.40, and $4.20. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 10 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

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