Goodwin Technologies, a relatively young company, has been willy successful but has yet to pay a dividend, An analyst forecasts that Geodwin is Bkely to pay its first dividend three years from now. She expects Goodwin to pay a 52.00000 dividend at that time (Du = 52.00000 ) and believes that the dividend will grow by-10.40000w for the following two years (Da and Ds). However, after the fift year, she expects Goodwin's dividend to grow at a constant rate of 3.54000% per year. Goodwin's required return is 11.80000=. 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 decmal places. Assuming that the markets are in equilibrium, Goodwin's current expected dividend yield is , and Geodwin's capital gains yield is Coodwin has been very successful, but it hasn't paid a dividend yet. It circulates a report to its key investors containing the following statement: tivestors prefer the deferred tax liability that capital gains offer over dividends. Is this atatement a possble explanation for why the firm hasn't peid a dividend yet? No Ye