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Goodwin Technologies, a relatively young compamy, has been wildy successful but has ret to par a dividend, An analvat forecasts that Goodwin is likely to

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Goodwin Technologies, a relatively young compamy, has been wildy successful but has ret to par a dividend, An analvat forecasts that Goodwin is likely to pay its first dividend three rears from now. She expects Goodwin to pay a $3.50000 dividend at that time (0,$3.50000) and believes that a conotant rate of 3.90000% per veat. Goodwin's required return is 13.00000\%. Fin in the following chart to determine Goodwin's horizon value at the horizon date (when censtant growth begins) and the carrent intrinsic value. To increase the accuracy of vour calculations, do not round your intermedate calculations, bst round al firal answers to two decinal pleces. Assuming that the markets are in equilibrium, Goodwin's current expected dividend vild is . and Goodwinis eapital gains vield is Goodwin has been very sucoessfu, bit it hasn't paid a didend yet. It circilates a report to its ker invelors containing the follewino staternent: Goodwin's imsatment oppontunities are poor. Is this staterech a posilale explanation for shy the firm hasnt pald a dividind vet? Yes tha

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