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Summit Systems will pay a dividend of $ 1.49 this year. If you expect Summit's dividend to grow by 6.4 % per year, what is

Summit Systems will pay a dividend of $ 1.49 this year. If you expect Summit's dividend to grow by 6.4 % per year, what is its price per share if the firm's equity cost of capital is 10.4 %?

The price per share is ?(Round to the nearest cent.)

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