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Tolo Co . plans the following repurchases: $ 9 . 5 million in one year, nothing in two years, and $ 1 9 . 6

Tolo Co. plans the following repurchases: $9.5 million in one year, nothing in two years, and $19.6 million in three years. After that, it will stop repurchasing and will issue dividends totaling $25.7 million in four years. The total paid in dividends is expected to increase by 2.5% per year thereafter. If Tolo has 1.8 million shares outstanding and an equity cost of capital of 10.9%, what is its price per share today?
The stock price will be $ (Round to the nearest cent.)
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