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The risk-free rate is 3.47% and the market risk premium is 7.56%. A stock with a of 1.68 just paid a dividend of $2.94. The

The risk-free rate is 3.47% and the market risk premium is 7.56%. A stock with a of 1.68 just paid a dividend of $2.94. The dividend is expected to grow at 22.85% for five years and then grow at 3.56% forever. What is the value of the stock?

Answer format: Currency: Round to: 2 decimal places.

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