That is NOT a drop cap. That's an enlarged first letter and it doesn't work on a Kindle because the first line is too far away from the second line. You can do this in ePub, but not in Mobi, KF8, or KFX.
A drop cap is when it is a larger letter and it descends 2 or 3 lines and the top of the letter is at the top of the first line with the text to the right of the larger letter.
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