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Consider a firm that just paid a dividend of $2.75 per share. The company expects...

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Accounting

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Consider a firm that just paid a dividend of $2.75 per share. The company expects growth in the coming year to be 15%. Aher this first year, the firm expects dividends to grow and a constant rate of 3% per year. The required rate of return is 7% Calculate the intrinsic value of the firm's stock. (Round the intermediate calculation with four decimals, round your final answer with two decimals) 57265 $8733 $79.05 $85.03

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