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SHOW YOUR WORK. EXPLAIN WHY YOU HAVE. Minnick Enterprises recently paid a dividend, D 0, of $3.00. It expects to have nonconstant growth of 25

SHOW YOUR WORK. EXPLAIN WHY YOU HAVE. Minnick Enterprises recently paid a dividend, D 0, of $3.00. It expects to have nonconstant growth of 25 percent for 2 years followed by a constant rate of 8 percent thereafter. The firms required return is 11 percent. What is the stocks intrinsic value today?

a.$175.93

b.$125.00

c.$144.14

d.$130.57

e.$177.19

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