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Assume that Wansch Corporation is expected to pay a dividend of $2.25 per share next year....

Assume that Wansch Corporation is expected to pay a dividend of $2.25 per share next year. Sale and profits for Wansch are forecasted to grow at a rate of 20% for the next two years, then grow at 5% per year forever thereafter. Dividends and sales growth are expected to be equal. If Wansch's shareholders require 15%, what is the per share value of Wansch's common stock?

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