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The RLX Company just paid a dividend of $ 1 . 2 5 per share on its stock. The dividends are expected to grow at

The RLX Company just paid a dividend of $1.25 per share on its stock. The dividends are expected to grow at a constant rate of 4.1 percent per year i.definitely. Investors require a return of 12.2 percent on the company's stock.
a. What is the current intrinsic value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
b. What will the intrinsic value be in 5 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
c. What will the intrinsic value be in 18 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
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