What price would you pay for a share in this company

Reference no: EM133326441

Ace Manufacturing will pay a dividend of $5.00, which will increase by 3 percent each year over the following three years and then grow at an annual rate of 4 percent forever. You expect a 8 percent return on your invested capital.

Question: What price would you pay for a share in this company? (Do not round "PV factor" and other intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)

Reference no: EM133326441

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