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An investor has studied the financials for Carmelo's Computer Corporation. After careful study, the investor has projected the dividends over the next 5 years, plus

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An investor has studied the financials for Carmelo's Computer Corporation. After careful study, the investor has projected the dividends over the next 5 years, plus the selling price at the end of the 5th year: Year Dividend Selling Price $20.88 $23.56 $21.55 If the investor would like a 20% annual return, what is the intrinsic value of this stock today? $28.37 1 2 3 $2.00 $2.25 $2.60 $25.77 $3.00 5 $3.25 $40.00

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