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A firm's dividends for this year are $1.25 Millions. Dividends are expected to grow at 10% for years 1-3, 30% for years 4-6, 10% for

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A firm's dividends for this year are $1.25 Millions. Dividends are expected to grow at 10% for years 1-3, 30% for years 4-6, 10% for years 7-8, and 4% thereafter. The cost of capital is 15 percent. 1. What is the terminal value at constant growth? 2. What should be the value of the company today? (you need to mention the inputs on your financial calculator)

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