Swords Enterprise dividend has been growing at a rate of 25% and it is expected to grow at the same rate for the next two years. After that, Swords Enterprise dividend growth is expected to stay at the rate of 3% perpetually. The company beta is 1.6, the market risk premium is 5%, and the risk-free rate is 3%. It just paid a dividend of $2.00 per share recently. Required: i. What is the intrinsic value of Swords Enterprise's stock based on the dividend discount model? (15 marks) ii. If the required rate of return on the market portfolio is increased by 2%, what is the required rate of return on Swords Enterprise's stock