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Sophia estimates the rate of growth of dividend for XYC will be 15% for the next 5 years. The market capitalization rate for XYC is

Sophia estimates the rate of growth of dividend for XYC will be 15% for the next 5 years. The market capitalization rate for XYC is 10%. After this initial period of 5 years the dividend is expected to grow at a rate of 5% forever after. You forecast that the dividend next year (this includes 1 year of growth at a rate of 15%) will be $0.57. Calculate Sophia's intrinsic value for XYC

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