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Melanie Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent...

Melanie Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 14.9 percent and the company just paid a dividend of $2.39, what is the current share price?

( Do not round intermediate calculations, round your answer to two decimal points, i.e. 32.16)

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