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A stock just paid a dividend this morning of $ 1 . 3 7 . Dividends are expected to grow at 1 5 . 0

A stock just paid a dividend this morning of $1.37. Dividends are expected to grow at 15.00% for the next two years. After year 2, dividends are expected to grow at 8.93% for the following three years. At that point, dividends are expected to grow at a rate of 4.00% forever. If investors require a return of 14.00% to own the stock, what is its intrinsic value?

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