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XYZ Corporation has a dividend payout rate of 25%. The firm's current earnings of $18.50 per share are expected to grow at an annual rate

XYZ Corporation has a dividend payout rate of 25%. The firm's current earnings of $18.50 per share are expected to grow at an annual rate of 5%, and its cost of equity capital is 10%.

What is the firm's expected "price" per share?

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