Indigo Ink Supply paid a dividend of $5.5 last year on its common stock. It is expected that this dividend will grow at a rate of 9% for the next five years. After that, the company will settle into a slower growth pattern and plans to pay dividends that will grow at a rate of 4% per year. Investors require a return of 12% on the stock.

a. What will be the dividend paid out for the next six years? (Round your answers to 4 decimal places.)

D1 =	$
D2 =	$
D3 =	$
D4 =	$
D5 =	$
D6 =	$

b. What is the intrinsic value of Indigos stock? (Round your answer to 2 decimal places.)

Intrinsic value $