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this problem is confusing can you help me i keep getting it wrong Problen 11 Intro A stock just paid an annual dividend of $5.9.

this problem is confusing can you help me i keep getting it wrong image text in transcribed

Problen 11 Intro A stock just paid an annual dividend of $5.9. The dividend is expected to grow by 6% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 12 and the payout ratio to be 60%. The required rate of return is 8%. Part 1 Attempt 3/5 for 10 pts. What is the intrinsic value of the stock

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