a) Suppose that a firm pays a current (annual) dividend of $1 and is expected to grow at 20% for two years and then at 5% thereafter. If the required return for an investment in the firm's stock is 8.0%, what is the intrinsic value of the firm's stock?

b) A firm currently pays a dividend of $1.34, which is expected to grow indefinitely at 5%. If the current value of the firm's shares based on the constant-growth dividend discount model is $33.91, what is the required rate of return on the firm's stock?

c) Suppose that a firm pays a current (annual) dividend of $1 and is expected to grow at 24% for two years and then at 7% thereafter. If the required return for an investment in the firm's stock is 10.5%, what is the intrinsic value of the firm's stock?