Today 1/1/2021, you were assigned as a CFO for ABC company. You reviewed the divided that was paid in the past six years, and they were as follows: 31/12/2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$5.93 per share 31/12/2019. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6.1772 per share 31/12/2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$5.5154 per share 31/12/2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5.0140 per share 31/12/2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5.45 per share 31/12/2015. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$5.00 per share

Unfortunately, you are unhappy with the high volatility of the dividends growth rate, and you decided to fix the growth rate (make it constant). Accordingly, you decided that the dividends must have a fixed growth rate that is equal to the average six years growth rates, since you believe that fixing the growth rate will ease the valuation process of the companys shares.

Based on the given information and if the required rate of return (r) is equal to 7%, Answer the following questions: -What is the growth that your company will use starting in the year 2021?

-What will be the intrinsic value per share after your decision (1/1/2021)?