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Race Car International (RCI) plans to - Pay $3.60 per share in dividends in the coming year - Its dividends are expected to grow by

Race Car International (RCI) plans to - Pay $3.60 per share in dividends in the coming year - Its dividends are expected to grow by 5.76% per year in the future. - The equity cost of capital for company RCl is 8.34%, What is the value of RCl's stock price per share? Indicate your answer in a dollar amount and round to two decimal places. Do not put ' $ ' in your response. Your

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