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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

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 DIV1 = $5, DIV2 = $18, and DIV3 = $6. What is the stock price if the discount rate is 32.63%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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