step by step

SanData Inc. recently paid its annual dividend of $4.62. Dividends have consistently grown at a rate of 8%. You estimate that the stock has a required return of 13%. What is the intrinsic value of this stock? DO NOT ENTER THE $ SIGN. ALSO, ENTER YOUR ANSWER AS A POSITIVE NUMBER. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO TWO DECIMAL PLACES AT THE END, i.e. If YOUR ANSWER IS 33.4348 ENTER IT AS 33.48 ONLY 99.79 1