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Depressed Panda Slaughterhouses has just paid an annual dividend of $3.72. Analysts expect this dividend to grow at 19.0% per year until the end of

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Depressed Panda Slaughterhouses has just paid an annual dividend of $3.72. Analysts expect this dividend to grow at 19.0% per year until the end of year 21. Thereafter, growth will level off at 3.0% per year in perpetuity. To be explicit on timing, cash flows grow by 19.0% until t=21, the t=22 cash flow will be 3.0% bigger tha that the t=21 cash flow, and then cash flows grow by 3.0% annually in perpetuity. The cost of equity capital for Depressed Panda Slaughterhouses is currently 7.0% per annum. According to the dividend-discount model, which of the following is closest to the value today of a share of Depressed Panda Slaughterhouses? O a. $1,129.76 b. $1,141.31 . $1,199.72 O d. $929.95 e. $1,186.58 Of. $1,224.32 O g. $979.03 Oh. $1,158.86

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