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garwal Technologies was founded so years ago. It has been profitable for the last s years, but it has needed all of its earnings to

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garwal Technologies was founded so years ago. It has been profitable for the last s years, but it has needed all of its earnings to support growth and thus has never paid a t a constant rate of 8,00% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of 11.00%, what is your estimate of the stock's current value? Year Growth rate O a. $9.21 O b. $9.20 O c.$10.50 d, $0.60 NA NA 8,00% 0.000$0.000 $0.000 $0.250$0.325$0,374 $0.404 NA NA 30.00% 15.00% Dividends e. $10.75

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