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Question 32 (4 points) Your company has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow

Question 32 (4 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 15.00% for the next 5 years, after which growth should match the 6.00% industry average growth rate, which is a more sustainable rate. The last dividend paid (D0) was $1.63 and your firm's WACC is 12.23%. What is the value per share of your firm's stock? Note: submit your spreadsheet for partial credit considerations. Your Answer: Answer units

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