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4. Non-Constant Growth Valuation: Divining Rod Water Resources Corp (DRWR) has experienced rapid growth that is expected to continue for the next several years. Specifically,
4. Non-Constant Growth Valuation: Divining Rod Water Resources Corp (DRWR) has experienced rapid growth that is expected to continue for the next several years. Specifically, high growth of 50% for the next two years, followed by constant growth of 4% thereafter is expected. The most recent dividend was $2.00 and the required rate of return is 14%. What is the intrinsic value of DRWR's stock
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