Part 3 of 5 - Stock Valuation The Board of Directors of Dart Engines, Inc. has decided that the company will start paying a dividend a year from today. Their plan is to issue an initial dividend of $0.85 per common share followed in the next year by a dividend of $1.30 per share. Because of major capital expansion plans in the third year, no dividend will be issued, but dividend payments will resume a year later with a $1.00 per share dividend, followed a year later by a $1.10 per share dividend, after which the dividend growth rate will be stabilized at an annual rate of 4.0%. The discount rate for cash flow from dividends of Dart is 10.5%. Question 9 of 15 5 Points Click to see additional instructions The horizon value (nt year 5), and rounded to dollars and cents of Dart Engines common stock is $ per share Question 10 of 15 15 Points Click to see additional instructions The current intrinsic value rounded to dollars and cents of Dart Engine common stock iss per share