Question 3: Karp Company's current stock price and its intrinsic value as seen by the average investor is \$24. Karp's last dividend was \$1.60. In view, of Karp's low risk, its required rate or return is only 12%. If dividends are expected to grow at a constant rate, g, in the future, and if the cost of equity capital is expected to remain constant at 12%, what is Karp Company's expected stock price 5 years from now