GHI Ltd. is not currently paying a dividend. In five years, it expects to pay a dividend of $0.50, and dividends are expected to grow at 4% a year afterward. If the return demanded is 12%, what should GHI be worth today?

Our company projects the following FCFs for the next 3 years: $5,000,000; $5,500,000; $6,000,000. Future growth is expected to slow to 5% beyond year 3. What is the terminal value of the company in year 3 if the WACC is 8%?

A stock is currently not paying dividends. Three years from now, it is expected to start paying a quarterly dividend of $0.10 per share, with growth of 5% per year thereafter. If investors require a 10% annual return, what should the stocks price be currently?