Carnival Corp. provides cruises to major vacation destinations. Carnival operates $100$ cruise ships with a total capacity of $180,746$ passengers in North America, Europe, the United Kingdom, Germany, Australia, and New Zealand. The company also operates hotels, sightseeing motor coaches and rail cars, and

luxury day boats. These activities generated earnings per share of $$1\mathrm{.}67$ for $2012.$ The stock price at the end of $2012$ was $$36\mathrm{.}77.$ The previous stock prices and dividends are shown in the following table. $($Table $1).$ Carnival is a firm in the General Entertainment industry, which is in the Services sector. The following table shows some key statistics for Carnival, the industry, and the sector. $($Table $2).$

Use the various valuation models and relative value measures to assess whether Carnival stock is correctly valued. Compute value estimates from multiple models. The appropriate required rate of return is $11$ percent.

Determine the historical dividend growth rate

Find the next five dividends

Calculate the stock price in $2017$

Find the present value and determine stock $(/$U priced