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Your company has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow at a rate of

Your company has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow at a rate of 42.00% this year, 27.00% next year, after which growth should match the 5.10% industry average growth rate, which is a more sustainable rate. The last dividend paid (D0) was $1.43 and your firm's WACC is 12.09%. What is the value per share of your firm's stock?

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