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KGW Weather Industries just paid a $3.00 per share dividend. The company is planning on increasing...

KGW Weather Industries just paid a $3.00 per share dividend. The company is planning on increasing its annual dividend by 10% a year for two years and then the annual growth rate will be 5% per year thereafter. What is the current value of one share of stock if the required rate of return is 8%. Show all work.

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