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Flex Tech Inc just paid a dividend of $4.00. Given the high demand in its industry, dividends are projected to increase 12% in the next

Flex Tech Inc just paid a dividend of $4.00. Given the high demand in its industry, dividends are projected to increase 12% in the next year and 8% in the following year. After that, dividends are projected to grow at a constant rate of 4% indefinitely. The market desires a return of 11%, given the risk in this industry. Your analysis shows that the stock should sell at a price of $ [Select] today. The stock is currently trading at $75. You would recommend that the portfolio manager [Select] stock. 8 pts Question 2 the current holding given your strong conviction in your valuation analysis of the Atte 1 15 pts
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