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Xin s Bakery has current earnings per share of $ 3 . 6 2 . Current book value is $ 5 . 7 0 per

Xins Bakery has current earnings per share of $3.62. Current book value is $5.70 per share. The appropriate discount rate for Xins Bakery is 13 percent. Calculate the share price for Xins Bakery if earnings grow at 5.2 percent forever.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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