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Can you show to do the problem step by step? The risk-free rate of return is 5%, the expected rate of return on the market

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The risk-free rate of return is 5%, the expected rate of return on the market portfolio is 12%, and the stock of Exotic Foods Corporation has a beta coefficient of 0.8. Exotic Foods pays out 70% of its earnings in dividends, and the latest earnings announced were $10 per share. Dividends were just paid and are expected to be paid annually. You expect dividends to grow at a constant rate of 5% per year for the foreseeable future. a. What is the intrinsic value of a share of Exotic Foods b. If the market price of a share is currently $100, and expect dividends to grow at a constant rate, what do they expect the growth rate of dividends to be

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