TransAmerica Inc. is expected to pay an annual dividend of $1.00 per year, one year from today. It is estimated that during the following six years (i. e. years 2 through 7), the dividend will grow at an annual rate of 6% After that, the growth rate will be equal to 4% per year and continue at that rate indefinitely. Calculate the intrinsic value of the TransAmerica's stock today if the required rate of return is 11. 7%. Show your calculations. Show your formulas in the orange cells. Would you buy this stock? Why? For the answer, each step calculation must show your calculation and formular