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How do you calculate? (43.39) Question 12 0/7 pts Burke Tires just paid a dividend of $0.94. Analysts expect the company's dividend to grow by

image text in transcribedHow do you calculate? (43.39)

Question 12 0/7 pts Burke Tires just paid a dividend of $0.94. Analysts expect the company's dividend to grow by 30% this year, 20% next year (year 2), 10% the following year (year 3), and then 5% in each subsequent year. If the required return to the stock is 8.35%, what is the best estimate of the stock's current market value (please enter the value to the penny)? 11.26 43.39 margin of error +/- 0.1

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