MD Corporation plans to issue a dividend next year of $1.00, then in year 2 a dividend of $1.75, then in year 3 a dividend of $2.00, then in year 4 a dividend of $2.15, at which time the dividend will row thereafter at a relatively constant rate of 1.75% for the foreseeable future. The company's weighted average cost of capital is 8.5%. Click to see additional instructions The horizon value of CMD Corporation common stock at year 4 is $ . ($32.41) Click to see additional instructions The current intrinsic value of CMD common stock is \$