Question 17 of 30 Apalagi was founded so years ago. It has been profitable for the last 5 years, but it has needed all of its earnings to support growth and thus verpaid a didend Management has indicated that it plans to pay a $0.20 dividend 3 years from today, then to increase it at a relatively rapid rate for and thee to increase it at a constant rate of 8.00% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth hown below. Assuming a required return of 11.00%, what is your estimate of the stock's current value? Use the dividend values provided in the table below for year calculations. Do not round your intermediate calculations. w 0 1 2 3 4 5 6 Growth NA NA NA 80.00% 50.00% 8.00% rate Dividends $0.0000 $0.0000 $0.0000 $0.2000 $0.3600 $0.5400 $0.5832 Oa 08135 0.81224 $12.35