ZippleCrunch Corp. will pay a dividend of $2.34 per share at the end of next year (end of year 1) and this dividend is expected to grow at a -3 percent annual rate for two years from that point in time, then at a +1.5 percent rate forever. What value would you place on this stock if the WACC is 8.5% and the cost of equity is 9.1%?

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