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Sheffield Inc has just paid a dividend of $4.90. Analyst forecasts annual dividend growth of 8 percent for the next five years; then dividends will

Sheffield Inc has just paid a dividend of $4.90. Analyst forecasts annual dividend growth of 8 percent for the next five years; then dividends will decrease by 1 percent per year in perpetuity. The requireed dreturn is 11 percent (effective annual return, EAR). What is the current value per share according to the analyst? Round present value factor calculations to 5 demicals places other intermediate calculations to 3 decimals places

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