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The risk-free rate is 3.67% and the market risk premium is 6.46%. A stock with a of 1.64 just paid a dividend of $1.74. The

The risk-free rate is 3.67% and the market risk premium is 6.46%. A stock with a of 1.64 just paid a dividend of $1.74. The dividend is expected to grow at 20.87% for three years and then grow at 4.52% forever. What is the value of the stock?

Please round to 2 decimal places.

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