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Whatley inc. paid a dividend of $ 2 . 7 5 last year. The firm is expecting dividends to grow at a rate of 2

Whatley inc. paid a dividend of $2.75 last year. The firm is expecting dividends to grow at a rate of 25% for the next 3 years. After that, growth is expected to be constant at 5%per year. Similar investments return 13%. Caluculate the intrinsic value of this stock today (Use a financial calculator to calculate the NPV).

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