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pls answer :) Nonconstant Dividend Growth Valuation Assume that the average firm in C&J Corporation's industry is expected to grow at a constant rate of

pls answer :)
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Nonconstant Dividend Growth Valuation Assume that the average firm in C&J Corporation's industry is expected to grow at a constant rate of 5% and that its dividend yield is 8%. C&J is about as risky as the average firm in the industry and just paid a dividend (Do) of $2.25. Analysts expect that the growth rate of dividends will be 50% during the first year (90,1 = 50%) and 25% during the second year (91,2 = 25%). After Year 2, dividend growth will be constant at 5%. What is the required rate of return on C&J's stock? What is the estimated intrinsic price per share? Do not round intermediate calculations. Round the monetary value to the nearest cent and percentage value to the nearest whole number. rs: % Po: $

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