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9) (8 pts) Hart enterprises current stock price is $55.00. The company just recently recent annual dividend of $2.00 per share, (remember this dividend has

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9) (8 pts) Hart enterprises current stock price is $55.00. The company just recently recent annual dividend of $2.00 per share, (remember this dividend has already been paid).Y estimate the company will increase the dividend by 11% next year and 8% the following After year 2, the company is expected to grow a constant rate of 6% forever. You estim required rate of return for Hart at 7.5%. a) What is your estimate of the dividends for the next 4 years? Yr 1 Div Yr 2 Div- Yr 3 Div Yr 4 Div What is your estimate of the horizon value of this stock at the end of year 3? (What t will be worth three years from today) b) Yr 3 Horizon Value- c) What is your estimate of the intrinsic value of the stock today? Intrinsic Valun

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