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Stark Industries expects an earnings per share of $2.23 and reinvests 20% of its earnings....

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Finance

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Stark Industries expects an earnings per share of $2.23 and reinvests 20% of its earnings. Management projects a rate of return of 11% on new projects and investors expect a 10% rate of return on the stock.

Given a sustainable growth rate of 2.2%, what is the price of the stock with growth? Enter your response below rounded to 2 DECIMAL PLACES. Number

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