Intro A stock just paid an annual dividend of $3.52. The dividend is expected to grow by 10% per year for the next 5 years. It will then grow by 4% per year forever. The required rate of return is 11%. Part 1 8 Attempt 3/10 for 8 pts. What is the value of the stock? 0+ decimals Submit Net income for the previous year was $400,000, of which $210,000 was paid out in dividends. Dividends are expected to grow at a constant rate. The company has 200,000 shares outstanding and the book value of equity is $2,000,000. The appropriate P/E ratio for this type of company is 15. Part 1 Attempt 2/10 for 10 pts. What is the expected stock price 5 years from now? 1+ decimals Submit