assume that the average firm in C&J

Assume that the average firm in C&J Corporation's industry is expected to grow at a constant rate of 6% and that its dividend yield is 7%. C&J is about as risky firm in the industry and just paid a dividend (D,) of $1. Analysts expect that the growth rate of dividends will be 50% during the first year (g=50%) and 25% during the as the average second year (g, , = 25%). After Year 2, dividend growth will be constant at 6%. What is the required rate of return on C&J's stock? What is the estimated intrinsic per share