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she expect the firm first dividend to be paid in five years in the amount of $5 per share and that the firm will maintain
she expect the firm first dividend to be paid in five years in the amount of $5 per share and that the firm will maintain a dividend payout ratio of 30% after that. he estimates the firm cost of equity is 18% and its return on equity is a constant 8%. Based on this information, the firm intrinsic value per share to the nearest dollar is ?
please show me full workings with explanation
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