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Hart Enterprises recently paid a dividend, D 0 , of $3.25. It expects to have nonconstant growth of 30% for 2 years followed by a

Hart Enterprises recently paid a dividend, D₀, of $3.25. It expects to have nonconstant growth of 30% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 19%.

What is the intrinsic value today?

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