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Melissa Cutt is thinking about buying some shares of EZLawn Equipment, at $ 3 8 . 3 7 per share. She expects the price of

Melissa Cutt is thinking about buying some shares of EZLawn Equipment, at $ 38.37 per share. She expects the price of the stock to rise to $ 40.52 over the next 3 years. During that time she also expects to receive annual dividends of $ 6.93 per share.
a. What is the intrinsic worth of this stock, given a required rate of return of 8%?

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