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RebelCom's stock will pay its next dividend of $3.25 exactly one year from now. After this first dividend, future dividends will grow at -4% for

RebelCom's stock will pay its next dividend of $3.25 exactly one year from now. After this first dividend, future dividends will grow at -4% for 2 years and then 3% per year every year thereafter. What is RebelCom's intrinsic value today? Use a discount rate of 11.6% and round your answer to the nearest penny.

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