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Huntington Ingalls Industries just paid a dividend of D0 = $5.25. Analysts expect the company's dividend to grow by 15% this year, by 9% in

Huntington Ingalls Industries just paid a dividend of D0 = $5.25. Analysts expect the company's dividend to grow by 15% this year, by 9% in Year 2, and at a constant rate of 3% in Year 3 and thereafter. The required return on this low-risk stock is 12%. What is the best per-share estimate of the stock's intrinsic value?

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