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Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the

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Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets, As a result, forecast dividends are DIV =$3.50, DIV 2=$4.00, and DIV DI 3=$19.50. What is the stock price if the discount rate is 12% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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