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TerrainScape Inc. just paid a dividend of $6.34 per share. Future dividends are expected to grow at a constant rate of 5.2% per year.

TerrainScape Inc. just paid a dividend of $6.34 per share. Future dividends are expected to grow at a constant rate of 5.2% per year. What is the value of the stock, to the nearest $0.01, if the required return is 18.89%?

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