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Taleville Farms just paid a dividend of $ 3 . 4 4 on its stock. The growth rate in dividends is expected to be a

Taleville Farms just paid a dividend of $3.44 on its stock. The growth rate in dividends is expected to be a constant 6.2% per year indefinitely. Investors require a 16.2% return on the stock for the first three years, a 14.2% return for the next three years, and an 12.2% return thereafter. What is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

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