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Summit Systems will pay a dividend of $1.44 one year from now. If you expect Summit's dividend to grow by 6.4% per year, what is

Summit Systems will pay a dividend of $1.44 one year from now. If you expect Summit's dividend to grow by 6.4% per year, what is its price per share if its equity cost of capital is 11.8% ? The price per share is $ (Round to the nearest cent.)

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