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Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3% per

image text in transcribed Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3% per year. The firm always pays out 60% of net income as dividends and has 7 million shares of common stock outstanding. The required return is 11%. Part 1 Attempt 1/1 What is the intrinsic value of the stock

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