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Metal Bearings, Inc. just paid a dividend of $2.97 on its stock. The dividends are expected...

Metal Bearings, Inc. just paid a dividend of $2.97 on its stock. The dividends are expected to grow 20.7% per year for the next three years and then level off to a growth rate of 3.3% indefinitely. If the required return is 11.2%, what is the stock price today? Round your answer to two decimal places.

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