8. (15 points). Lurky Industries just paid a dividend of D0 = $3.75. Analysts expect the companys dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stocks current market value? Do not round intermediate calculations.******PLEASE DO NOT COPY OTHER CHEGG WORK******

8. (15 points). Lurky Industries just paid a dividend of Do = $3.75. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value? Do not round intermediate calculations