Question: Slap Engineering Inc. is growing quickly. Dividends are expected to grow at 20% rate for the next 3 years, with the growth rate falling to

Slap Engineering Inc. is growing quickly. Dividends are expected to grow at 20% rate for the next 3 years, with the growth rate falling to a constant 4% thereafter. The required return is 11% and the company just paid a $2.00 annual dividend. The current share price is $44.57 - now show your work how you arrive at this figure:

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