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You are covering Mega Motors Corp. stock, and have prepared the following estimates of the company's dividends over the next five years: Year 1: $2.05

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You are covering Mega Motors Corp. stock, and have prepared the following estimates of the company's dividends over the next five years: Year 1: $2.05 Year 2: $2.25 Year 3: $2.40 Year 4: $2.52 Year 5: $2.62 After year 5, you expect dividends to grow at a constant rate of 4%. The required rate of return on equity is 8.5%. What is the value of the stock based on your estimates

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