Question: 12 . Slap Engineering Inc. is growing quickly. Dividends are expected to grow at 10% rate for the next 3 years, with the growth rate

12. Slap Engineering Inc. is growing quickly. Dividends are expected to grow at 10% rate for the next 3 years, with the growth rate falling to a constant 4% thereafter. The required return is 12% and the company just paid a $2.00 annual dividend. What is the current share price?

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