ABC Company just paid $5 dividend, it faces a high growth in the next three years with a dividend growth rate of 10%, and dividends will start a constant growth of 6% afterwards, forever. Given a required return of 12%, what should be the intrinsic value of ABC stock foday?

5. (10 points) ABC Company just paid $5 dividend, it faces a high growth in the next three years with a dividend growth rate of 10%, and dividends will start a constant growth of 6% afterwards, forever. Given a required return of 12%, what should be the intrinsic value of ABC stock today