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The South Co . has 1 4 , 0 8 6 , 6 8 5 Shares outstanding. It just paid a dividend of $ 3

The South Co. has 14,086,685 Shares outstanding. It just paid a dividend of $3.24. It plans to grow its dividends 3.1% annually forever. The required rate of return is 13%. Using the dividend growth model, what is the total equity value of South? (Round to a whole number)
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