x Question 9: Problem 8.L04.35 (similar to) Question Help Settings Yesterday, Cyberdyne Systems paid out $1.705 billion in dividends and repurchased $1.69 billion worth of shares. Assume that all payouts occur at the end of the year. Next year's payouts (due in one year) are expected to be 3.5% bigger than last year's and are expected to grow at that same rate in perpetuity. Cyberdyne Systems has 1.43 billion shares outstanding and its shareholders require an 11% rate of return. What is the fair price for Cyberdynes's shares today? The fair price for Cyberdynes's shares today is $ (Round to two decimal places.)