You are looking to invest into Mona's Mayhem - a punk rock entertainment empire. Mona's Mayhem is expected to earn $8.51 per share next year and earnings are expected to grow by 1.5% forever. Mona's Mayhem reinvests 90% of its earnings each year. You would like a rate of return on your investment of 11.7% per year. How much are you willing to pay per share for Mona's Mayhem?

Answer rating: 100% (QA)

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