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Sea Side, Incorporated, just paid a dividend of $ 2 . 1 6 per share on its stock. The growth rate in dividends is expected

Sea Side, Incorporated, just paid a dividend of $2.16 per share on its stock. The growth rate in dividends is expected to be a constant
5.80 percent per year indefinitely. Investors require a return of 18.00 percent on the stock for the first three years, then a return of 13
percent for the next three years, and then a return of 11 percent thereafter. What is the current share price?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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