Coodwin Tectinoloyes, a relatively young company, has been wildy successtut but has yot to pay a dividend, An analyst focecasts brat 600d win is the dividend will grow by 28.60000% for the following two years (D, and DJ. However, ather the finh vear, she expects Coochin's dividend to grow af a constant rate of 4.38000% per ves. Goodwin's required return is 14.60000%. Fill in the following chart to determine Goodwin's horizon value at the horizon date fwhen contant growt begas) and the current intrinsic value, To increase the accuracy of veur calculations, do not round your intermediate calailatiens, bot round all fanal answers to two drolmsl pacet. Asturning that the markees are in equilitulum, Goodwin's current expected divedend yiels is tand Cosedwin' capital gain veid is thvestoes prefer the deferred tax lisoility that capitat gains offer over divstends. Is this sticement a pestible explanation for why the finm hasn't pold a dividend yee? answers to two decimal plsces. Assuming that the markets are in equilibeium, Goodwin's current expected dividend yield is - and Gocdwin's capital gains vield is Goodwin has been very successful, but it hasn't paid a dividend vet, It circulates a report to iss key investors containing the foltowing statement: Inwestors prefer the deferred tax liability that capital gains offer over dividends. Ls this stakement a possible explanation for why the firm hasnt peid a dividend yet? Yes