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Yesterday, XYZ.com paid a dividend of $2.6. After careful analysis, you estimate a 14% increase in the dividend for each of the next 2 years

Yesterday, XYZ.com paid a dividend of $2.6. After careful analysis, you estimate a 14% increase in the dividend for each of the next 2 years (i.e., the dividend growth rate will be 14% between years 0 and 1 and it will also be 14% between years 1 and 2). XYZ.com is currently selling for $31.50/share. Assuming an equity cost of capital of 18%, please find the share price 2 years from now (i.e., in year 2).

Your answer should be entered as a positive number.

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