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The current dividend of Best Food Org. is $2.31 and is expected to grow at 11.00% for seven years. After the first seven years, the

The current dividend of Best Food Org. is $2.31 and is expected to grow at 11.00% for seven years. After the first seven years, the growth rate of the dividends expects to grow at a constant 4.71% into the future. If the cost of equity is 8.6%, what is the stock price of the company in Year 7 and intrinsic value of its stock? Lastly, if the current stock price of the company is $90, is it overvalued?

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