A stock just paid an annual dividend of $5.1. The dividend is expected to grow by 4% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 11 and the payout ratio to be 60%. The required rate of return is 8%. Attempt 1/5 for 10 pts. Part 1 What is the intrinsic value of the stock? 0+ decimals