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please i beg i need the right answer please. only the correct answer . i beg Intro A stock just paid an annual dividend of

please i beg i need the right answer please. only the correct answer . i beg image text in transcribed
Intro A stock just paid an annual dividend of $7.7. The dividend is expected to grow by 3% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 16 and the payout ratio to be 60%. The required rate of return is 8%. Part 1 Attempt 2/5 for 10pts. What is the intrinsic value of the stock

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