FIN340-2023F-Finali 3 Mitmar Corporation will pay a year-end dividend of $3, and dividends thereafter are expected to grow at the constant rate of 4% per year. The risk-free rate is 5%, and the expected return on the market portfollo is 14%. The stock has a beta of 0.82. 2.5 points 801.4359 Required: a. Calculate the market capitalization rate. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Market capitalization rala Saved % Intrinsic value b. What is the intrinsic value of the stock? (Do not round Intermediate calculations. Round your answer to 2 decimal places.)

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