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

McCabe Corporation is expected to pay the following dividends over the next four years: $6.10,$17.10,$22.10, and
$3.90. Afterward, the company pledges to maintain a constant 5.25 percent growth rate in dividends forever. If the
required return on the stock is 8 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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