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A stock just paid a dividend this morning of $1.42. Dividends are expected to grow at 14.00% for the next two years. After year 2, dividends are expected to grow at 8.28% for the following three years. At that point, dividends are expected to grow at a rate of 4.00% forever. If investors require a return of 13.00% to own the stock, what is its intrinsic value? Submit Answer format: Currency: Round to: 2 decimal places. Ten years ago, Pac Pac Toys began manufacturing and selling retro arcade games for sports bars. Dividends are currently $2.08 per share, having grown at a 12.00 percent compound annual rate over the past 5 years. That growth rate is expected to be maintained for the next 2 years, after which dividends are expected to grow at half that rate for 3 years. Beyond that time, Pac Pac Toys's dividends are expected to grow at 5.00 percent per year. What is the current value of a share of Pac Pac Toys common stock if your required return is 13.00 percent? Submit Answer format: Currency: Round to: 2 decimal places