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Question 23 (8 points) Your company has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow

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Question 23 (8 points) Your company has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow at a rate of 14.20% for the next 5 years, after which growth should match the 5.80% industry average growth rate, which is a more sustainable rate. The last dividend paid (D) was $1.01 and your firm's WACC is 12.41%. What is the value per share of your firm's stock? Note: submit your spreadsheet for partial credit considerations

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