Jacksonville Sharks is a young and exciting company and initiated dividends three years ago. The last dividend it paid was $0.08 (annual). You expect the company to grow the dividends by 50% per year for the next 3 years and then continue the growth indefinitely at 7.41% per year. As Sharks is a growing company, you estimate the appropriate required return to be 9.20%. What is the intrinsic value (theoretical value) based on a dividend discount model valuation? (within $0.25 for rounding) (recurring content question) $12.91 $16.20 $16.47 $15.08 $1186