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1 pts D Question 4 Agarwal Technologies was founded 10 years ago. It has been profitable for the last 5 years, but it has needed
1 pts D Question 4 Agarwal Technologies was founded 10 years ago. It has been profitable for the last 5 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management has indicated that it plans to pay a $0,40 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 5.00% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of 15.00%, what is your estimate of the stock's current value? Use the dividend values provided in the table below for your calculations. Do not round your intermediate calculations. Year 0 1 2 3 4 5 6 NA NA NA NA 40.00% 25.00% 5.00% Growth rate Dividends $0.000 $0.000 $0.000 $0.400 S0.560 $0.700 $0.735
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