Portman Industries just paid a dividend of $1.44 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 16.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year. Term Value The risk-free rate (PRF) is 4.00%, the market risk Dividends one year from now (D1) $1.6704 premium (RPM) is 4.80%, and Portman's beta is 1.50. Horizon value (P1) Assuming that the market is in equilibrium, use the Intrinsic value of Portman's stock information just given to complete the table. $19.38 $25.06 $20.88 $24.04 What is the expected dividend yield for Portman's stock today? 0 6.40% 08.62% 0 7.75% 8.00%