Question: Precision engineering recently announced that its next annual dividend will be $1.20 per share with later dividends increasing by 2.5 percent annually. What is the

Precision engineering recently announced that its next annual dividend will be $1.20 per share with later dividends increasing by 2.5 percent annually. What is the current value of this stock to you if beta equals 1.3 and risk-free rate is 3% and market risk premium is 7%?

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