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Shield Corp. expects an earnings per share of $1.27 and reinvests 35% of its earnings. Management projects a rate of return of 12% on new

Shield Corp. expects an earnings per share of $1.27 and reinvests 35% of its earnings. Management projects a rate of return of 12% on new projects and investors expect a 10% rate of return on the stock.

What is the price of the stock with growth?

Enter your response below rounded to 2 DECIMAL PLACES.

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