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The risk-free rate is 1.58% and the market risk premium is 9.51%. A stock with a of 1.17 just paid a dividend of $2.65. The

The risk-free rate is 1.58% and the market risk premium is 9.51%. A stock with a of 1.17 just paid a dividend of $2.65. The dividend is expected to grow at 21.07% for three years and then grow at 4.98% forever. What is the value of the stock?

Round to 2 decimal places.

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