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Syarikat Indah Menawan Berhad would like to estimate the intrinsic value of their company. Their last dividend was RM0.90. The company is having a high

Syarikat Indah Menawan Berhad would like to estimate the intrinsic value of their company. Their last dividend was RM0.90. The company is having a high growth hence dividend growth rate is expected to be constant at 20 percent for four (4) years. After that, the growth of the company is stable and dividends are expected to grow at a rate of 5 percent forever. Calculate the current stock price of the firm if the firm's required return (rs) is 12 percent.

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