Exxon Mobil paid the following annual dividends over the last $4$ years:

Year Dividend

$20130\mathrm{.}329$

$20120\mathrm{.}3225$

$20110\mathrm{.}3162$

$20100\mathrm{.}31$

The next dividend is expected $12$ months from now. You can expect a return of $9\%$ from securities with similar risk. The risk$-$free rate is $2\%.$ What is the expected growth rate of dividends? What is the intrinsic value of the stock? If the risk premium was cut in half, what would be the intrinsic value of the stock?