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The South Co. has 17,685,341 Shares outstanding. It just paid a dividend of $3.33. It plans to grow its dividends 3.1% annually forever. The
The South Co. has 17,685,341 Shares outstanding. It just paid a dividend of $3.33. It plans to grow its dividends 3.1% annually forever. The required rate of return is 15%. Using the dividend growth model, what is the total equity value of South? (Round to a whole number)
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