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Firm A is currently growing at 11% per year and is expected to continue to grow at this rate for two more years, after which

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Firm A is currently growing at 11% per year and is expected to continue to grow at this rate for two more years, after which growth is expected to level off to 6%. The firm has a current required rate of return of 12%, which is expected to be 9% when the firm reaches steady-state. The firm recently recognized 20 dollars earnings per share and is reinvesting at a rate of 60%. What is current intrinsic value of the firm using the dividend discount model

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