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Quinoa Farms just paid a dividend of $ 3 . 3 5 on its stock. The growth rate in dividends is expected to be a

Quinoa Farms just paid a dividend of $3.35 on its stock. The growth rate in dividends is expected to be a constant 4 percent per year indefinitely. Investors require a return of 16 percent on the stock for the first three years, a return of 14 percent for the next three years, and then a return of 12 percent thereafter. What is the current share price for the stock?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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