2. A particular investor with a 5 year horizon wants to calculate the fair value of the stock. Given the expected dividend stream for the next 5 years and the expected price after 5 years, one can arrive at the intrinsic value of the stock using an appropriate discount rate. The following information is available: Year 1 2 3 Cash flow RM2 RM3 RM4 RM5 RM6 Table 1 4 5 Expected stock price after 5 years = RM120 Cost of equity (required rate of return) = 10% Required: Determine the intrinsic value of the company using the multiple-period dividend discount model