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Google has just developed a solar panel capable of generating 200% more electricity than any solar panel currently on the market. As a result, Google

Google has just developed a solar panel capable of generating 200% more electricity than any solar panel currently on the market. As a result, Google is expected to experience a 15% annual growth rate for the next 3 years and a 10% growth for 2 years after that. By the end of 5 years, other firms will have developed comparable technology, and Google's will remain constant. Stockholders require a return of 15% on Google's stock. The most recent annual dividend, which was paid yesterday, was $1.50 per share.

- Calculate the estimated intrinsic value of the stock today

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