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Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to

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Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. She expects Goodwin to pay a $4.75000 dividend at that time (D - $4.75000) and believes that the dividend will grow by 24.70000% for the following two years (De and D.). However, after the fifth year, she expects Goodwin's dividend to grow at a constant rate of 4.20000% per year. Goodwin's required return is 14.00000%. Fill in the following chart to determine Goodwin's horizon value at the horizon date (when constant growth begins) and the current intrinsic value. To increase the accuracy of your calculations, do not round your intermediate calculations, but round all final answers to two decimal places Term Value Hori con value Current intrinsic value Assuming that the markets are in equilibrium, Goodwin's current expected dividend vield is and Goodwin's capital gains ylelds Value Term Horizon value Current intrinsic value $78.54 Assuming that the markets $66.76 ilibrium, Goodwin's curren $54.98 Goodwin has been very suc $94.25 t it hasn't paid a dividend Current intrinsic value Assuming that the markets $51.34 ilibrium, Good $53.05 Goodwin has been very suc $48.13 t it hasn't paid $15.55 Current intrinsic Value and Go Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is 9.40% Goodwin has been very successful, but it hasn't paid a dividend yet. It circulates a report to 11.54% restors conta 0.00% 9.25% Investors prele uie deferred tax liability that capital gains offer over dividends. Assuming that the markets are in equilibri 40.791296 een very successful, but it 51.34% 14.00000% refer the deferred tax liab 78.54%

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