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Rocking Technologies RT have just developed a solar panel capable of generating 200% more electricity than any solar panel currently on the market. As a
Rocking Technologies RT have just developed a solar panel capable of generating 200% more electricity than any solar panel currently on the market. As a result, RT is expected to experience a 15% annual growth rate for the next 5 years. After 5 years the growth rate will slow to 5% indefinitely. Stockholders require a rate of return of 6% on the stock. The most recent dividend paid yesterday was $1.55 per share. What are the expected dividends for years 1-5. What is the intrinsic value of the stock?
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