Question: PLEASE 1. 3M Co is expected to be $107 next year, and the expected dividend at the end of next year is $0.81. If the

PLEASE 1. 3M Co is expected to be $107 next year, and the expected dividend at the end of next year is $0.81. If the company's required return on equity is 12%, then calculate the appropriate value of the stock. Show formulas, do the math step by step until the final result, and indicate the unit of measurement.

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