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Suppose that Palo Alto Networks, Inc. ( T i c k e r : PANW ) currently pays a dividend o f $ 1 .

Suppose that Palo Alto Networks, Inc. (Ticker: PANW) currently pays a dividend of $1.25. Analysts forecast that the firm will growth its dividends by25.00%,35.00%,20.00% over the next three years.
After this, analysts anticipate that PANW will increase its dividend at a consistent rate of5.00% for the
foreseeable future. Assuming a required rate of return of9.80%, what should PANW's stock trade for today?
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