Company Z pays dividends that will growat 3% every vear; permanently. Company Z 's required return on stock is 85 , Is it possible to calculate an intrinsic value estimate or Company Z stock via the constant growth rormula approach? No if dividends are growing and permanent the stack price essimate is effectively infinite value estimates uncalculatabie. than the required return rate on the stock the present values of future canstant we can calculate an estimate regardless of the required return rate