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Musical Chipmunks Co . just paid a dividend of $ 2 . 7 5 per share. The analysts consensus is that its dividends will be

Musical Chipmunks Co. just paid a dividend of $2.75 per share. The analysts consensus is
that its dividends will be increased by 3% per year, forever. Calculate Musical Chipmunks
dividends per share in years 1,2 and 3. Also calculate the intrinsic value of a share of
Musical Chipmunks Co. today. For this problem, assume a market capitalization rate (k) of
10%.

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