investment Company forecasts a $1.55 dividend for 2019, $1.7 dividend for 2020 and a $1.8 dividend for 2021 for Malibu Corporation. For year 2022 Investment Company forecasts that Malibu will pay a $2.0 dividend and that dividend will continue to grow by 3% each year. Using the dividend discount valuation model determine the intrinsic value of Malibu Corporation, assuming the company's cost of equity capital is 7%.