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Acme Inc. just paid an annual dividend of 2 . 3 3 . You expect Acme to make a big push into the Internet -

Acme Inc. just paid an annual dividend of 2.33. You expect Acme to
make a big push into the Internet-of-Things (IoT) space during the
next four (4) years. As a result, you expect Acme's dividend growth
will average 13.73% per year over the next n=4 years. Presuming a
required return of Rcs =11.74%, and a growth rate of 4.44%
forever after year four (4), what is Acme's intrinsic value (PO) based
on this multi-growth dividend discount model?
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