Question $5$

$5$ pts

Lincoln National just paid out a dividend of $$4\mathrm{.}28$ and dividends are expected to grow at $5\%$ each year. If the required rate of return is $12\%,$ what is the intrinsic value of the company's stock?

Your answer should be between $14\mathrm{.}75$ and $78\mathrm{.}62,$ rounded to $2$ decimal places, with no special characters