The dividend per share of Ma-Alshabab Limited as at 31st December 2000 was Sh.2.50. the company's financial analyst has predicted that dividends would grow at 20% for five years after which growth would fall to a constant rate of 7%. The Analyst has also projected a required rate of return of 10% for the equity market. Ma-Alshabab's Shares have a similar risk to the typical equity market. Required: The intrinsic value of shares of Ma-Alshabab Limited as at 31st December 2000. (4 Marks)