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Wilson's Furniture is experiencing good growth so has decided to commence paying dividends starting next year. The first dividend will be $2.62 a share with

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Wilson's Furniture is experiencing good growth so has decided to commence paying dividends starting next year. The first dividend will be $2.62 a share with annual increases of 6 percent in the dividend amount. The discount rate is 14 percent. What will the value of this stock be five years from now? (do not round up intermediate calculation; round up final answer to two decimal places)

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