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16. You forecast a $2.50 dividend for 2017, $3.00 dividend for 2018 and a $3.60 dividend for 2019 for MV Corp. For all years after

16. You forecast a $2.50 dividend for 2017, $3.00 dividend for 2018 and a $3.60 dividend for 2019 for MV Corp. For all years after 2019, you forecast that MV will pay a fixed amount of $4.00 dividend. Using the dividend discount valuation model determine the intrinsic value of MVs equity, assuming the companys cost of equity capital is 10%.

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