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Let s assume that Company A s dividends grew 1 8 . 4 % each year for four years beginning in 2 0 0 9

Lets assume that Company As dividends grew 18.4% each year for four years beginning in 2009, after which the growth rate declined by 2.8% a year for an additional three years before stabilizing at 7.2% in 2017.
The expected rate of return is assumed to 10% and the current dividend in 2009 is $2.28
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What is Company As intrinsic value?
no excel workings

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