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SanData Inc. recently paid its annual dividend of $ 3 . 9 3 . Dividends have consistently grown at a rate of 1 0 %

SanData Inc. recently paid its annual dividend of $3.93. Dividends have consistently grown at a rate of 10%. You estimate that the stock has a required return of 19%. What is the intrinsic value of this stock? DO NOT ENTER THE $ SIGN. ALSO, ENTER YOUR ANSWER AS A POSITIVE NUMBER. SET YOUR CALCULATOR TO4 DECIMAL PLACES AND ROUND TO TWO DECIMAL PLACES AT THE END, i.e. IF YOUR ANSWER IS 33.4348 ENTER IT AS33.48 ONLY

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