Moving to another question will save this response 3 points Save Answer Question 29 Time Management: multi-point question. DO NOT spend more than 6 minutes t=0 t=1 12 t = 3 t-4 t=5 DO D1 D2 D3 DA D5 $1.0000 $1.0700 $1.1342 $1.1909 $12385 $1.2881 An analyst is using Multi-stage Dividend Discount Model DDM to value a stock which had recently paid an annual dividend. Because this company has few competitors and operates in a high growth market, she expects the annual dividend payout rate in the early years to be significant but non-constant Furthermore, she expects this company to mature and settle down to a lower) constant annual dividend growth rate c = 4% after three years. She created (see above) a table of TVM timeline of annual dividend projections. Using kg = 7%, the valuation Vo of this stock is 5 [POSITIVE number to TWO-decimal places) Instructions: You do not need to show work. Just calculate this and type your answer in the box below. Your number format should be exactly TWO- decimal places. For example, 554.12 or 54 12 would be acceptable, while $54.123 and 54 123 and S54.1 and 54.1 would be auto-graded incorrectly. Question 29 of 40 A Moing to another question will save this response