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Planned Obsolescence has a product that will be in vogue for three 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 three years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV 1=$2, DIV 2=$14, and DIV 3=$14. What is the stock price if the discount rate is 34.98% ? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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