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Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3%

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Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3% per year. The firm always pays out 30% of net income as dividends and has 3 million shares of common stock outstanding. The required return is 9%. Part 1 * Attempt 1/1 What is the intrinsic value of the stock

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