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ADM Shipworks paid a dividend of $ 0 . 4 5 a share last year, and the dividend is estimated to increase by 2 0

ADM Shipworks paid a dividend of $0.45 a share last year, and the dividend is estimated to increase by 20% per year for the next two years and then grow at a constant rate of 7% thereafter. If the investor's required return is 9%, what is the intrinsic value of the stock?

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