Stock Valuation using a Dividend Discount Model Roadrunner Enterprises is expected to grow its dividends and earnings at various rates. The company just paid a cash dividend of $2.00 per share. The company expects to grow its dividend at 15% for the next three years, then at 12% for the following two years, after which the company expects to grow at a constant rate of 8% per year forever. If the required rate of return on Roadrunner's common stock is 14%, then what is the Fair Market Value (FMV) of the stock now? SHOW ALL WORK! NO WORK NO POINTS PLEASE SHOW DIVIDENDS AS $X.XX; FOR EXAMPLE $2.15 ... NOT $2.153292556 Please estimate to the nearest penny. D1= D2= D3= D4= D5= P5= FMV or Fair Market Value now = SHOW ALL WORK! If the stock now trades at $50.00 per share, is it rich or cheap