7. ACME, Inc. expects its current annual $3.25 per share common stock dividend to remain the same for the foreseeable future. What is the intrinsic value of the stock to an investor with a required return of 65%? Round to two decimal places. 8. ABC Company's common stock is expected to pay a $9.50 dividend in the coming year. If investors require a 17% return and the growth rate in dividends is expected to be 7%, what should the market price of the stock be? Round to two decimal places. 9. ABC Corporation stock is currently selling for $64.00. The stock is expected to pay a dividend of $5.75 at the end of the year. Dividends are expected to grow at a constant rate of 8.5% indefinitely. Compute the expected rate of return on ABC Corporation stock. Submit your answer as a percentage and round to two decimal places