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Question 29 0 out of 4 points H'IT Realty Shares has been undergoing rapid growth in recent years. The current dividend of $2 per share

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Question 29 0 out of 4 points H'IT Realty Shares has been undergoing rapid growth in recent years. The current dividend of $2 per share is expected to continue to grow at a rapid (or "super-normal") annual growth rate of 20% for the next 3 years. After that time, the dividend is expected to grow at a more "normal" growth rate of 7% per year (for the indenite future). Because of the risk factors related to such rapid growth, the required rate of return on this stock is 22% (annually). Based on this information, what is the stock's "intrinsic value" or DCF value toda ? NOTES: Do NOT use the $ sign. Use two (2) decimal places to enter your answer. For example, $89.273214 should be entered as: 89.27 (NO :5 sign; two decimal places)

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