A fast growing firm recently paid a dividend of $$0\mathrm{.}40$ per share. The dividend is expected expected to

increase ata $25$ percent rate for the next four years. Afterwards, a more stable $11$ percent growth rate can be assumed. If a $12\mathrm{.}5$ percent discount rate is appropriate for this stock,

calculate the following:

i$)$ By applying Two$-$stage Growth Valuation model, what is the Terminal value?

ii$)$ What is the value of this stock?