Marso Co$.$ is growing its sales and earnings rapidly. Dividends are expected to grow at $20\%$ for the

next $3$ years. After that the growth rate in dividends is expected fall to a constant rate of $4\%.$

A$)$ The company just paid a $$1\mathrm{.}40$ dividend and the required return on the stock is $14\%$ What is the

intrinsic value of a share of the firm's stock according to the dividend discount model?

B$)$ At the price you determined in part a$)$ what are the dividend yield and capital gains yield

expected to be on the stock?