1. 2 A firm is expected to grow at an annual rate of 13% for the next three years. The growth rate is expected to decrease to 10% for the following two years and to be 4% thereafter forever. The last dividend paid (Do) is $3.00. Dividends are paid at the end of each year. The required rate of return is 14%. Find the intrinsic value of the common share. Drawing a diagram will help you to organize the information