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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

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 DIV₁ = $5.00, DIV₂ = $5.50, and DIV₃ = $21.00.

What is the stock price if the discount rate is 12%

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