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Stacker Weight Loss currently pays an annual year-end dividend of $1.20 per share. It plans to increase this dividend by 6.0 next year and maintain

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Stacker Weight Loss currently pays an annual year-end dividend of $1.20 per share. It plans to increase this dividend by 6.0 next year and maintain it at the new level for the foreseeable future. If the required return on this firm's stock is 12%, what is the value of Stacker's stock? The value of Stacker's stock is \$ (Round to the nearest cent)

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