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3. Hart Enterprises recently paid a dividend of $1.25. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate

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3. Hart Enterprises recently paid a dividend of $1.25. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 10%. What is the firm's intrinsic value today? (7pts)

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