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The dividend for Should I, Incorporated, is currently $ 1 . 1 0 per share. It is expected to grow at 2 0 percent next

The dividend for Should I, Incorporated, is currently $1.10 per share. It is expected to grow at 20 percent next year and then decline linearly to a 5 percent perpetual rate beginning in four years. If you require a 16 percent return on the stock, what is the most you would pay per share?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Price per share
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