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Cantanko Co., with a cost of capital of 11%, expects to pay a dividend of $3 per share next year and then stop paying dividends

Cantanko Co., with a cost of capital of 11%, expects to pay a dividend of $3 per share next year and then stop paying dividends for two years to focus on retaining earnings for internal investments. After that it expects to again pay a dividend of $3 per share, growing thereafter at a rate of 5% per year. i. What is your best estimate of the intrinsic value of a Cantanko share? ii. Suppose the current market price of a Cantanko share is $52. Do you think Cantanko shares would make a good investment? iii. Briefly describe one change (no additional quantitative analysis necessary) to your model that would get your estimated price closer to the market price

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