Microsoft paid the following annual dividends over the last 5 years: The next dividend is expected 12 months from now. Part 1 Attempt 2/10 for 10 pts. Based on the historical dividends, what is the expected growth rate of dividends? If you can expect a return of 8% from investments of similar risk, what is the intrinsic value of the stock? Part 3 Attempt 1/10 for 10pts If you can expect a return of 14% from investments of similar risk, what is the intrinsic value of the stock