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Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the

Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV = $3.50, DIV2 = $4.00, and DIV 3 = $19.50. What is the stock price if the discount rate is 12%? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Stock price
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Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV 1=$3.50,DIV2=$4.00, and DIV3=$19.50. What is the stock price if the discount rate is 12% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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