9. Stocks that don't pay dividends yet Goodwin Technologies, a relatively young company, has been wildly success but has yet to pay a dividend. An analyst forecasts that Goodwin is kely to pay its first dividend three years from now. She expects Goodwin to pay a $1.50000 dividend at that time ($1.50000) and believes that the dividend will grow by 7.100001 for the following two years (o, and D.). However, after the oth year, shu expects Goodwin's dividend to grow at a constant rate of 3,42000% per year, Goodwin's required retumis 11.400004. Fu in the following chart to determine Goodwin' horen we at the horren dute (when constant growth begins and the current intrinsic value. To increase the accuracy of your calculations, do not round your intermediate calestations, but round all final answers to two decimal places. Value Term Horizon value Current intrinsic value and Goodwin's capital gains yields Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is Goodwin has been very successful, but it hasn't paid a dividend yet. It circulates a report to its key investors containing the following statement: Goodwin has yet to record a profit (positive net income) Is this statement possible explanation for why the firm hasn't paid a dividend yet 9. Stocks that don't pay dividends yet Goodwin Technologies, a relatively young company, has been wildly success but has yet to pay a dividend. An analyst forecasts that Goodwin is kely to pay its first dividend three years from now. She expects Goodwin to pay a $1.50000 dividend at that time ($1.50000) and believes that the dividend will grow by 7.100001 for the following two years (o, and D.). However, after the oth year, shu expects Goodwin's dividend to grow at a constant rate of 3,42000% per year, Goodwin's required retumis 11.400004. Fu in the following chart to determine Goodwin' horen we at the horren dute (when constant growth begins and the current intrinsic value. To increase the accuracy of your calculations, do not round your intermediate calestations, but round all final answers to two decimal places. Value Term Horizon value Current intrinsic value and Goodwin's capital gains yields Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is Goodwin has been very successful, but it hasn't paid a dividend yet. It circulates a report to its key investors containing the following statement: Goodwin has yet to record a profit (positive net income) Is this statement possible explanation for why the firm hasn't paid a dividend yet