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Navel County Choppers, Incorporated, is experiencing rapid growth. The company expects dividends to grow at 22 percent per year for the next 8 years before

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Navel County Choppers, Incorporated, is experiencing rapid growth. The company expects dividends to grow at 22 percent per year for the next 8 years before leveling off at 7 percent into perpetuity. The required return on the company's stock is 14 percent. If the dividend per share just paid was $1.84, what is the stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct

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