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Xtinct Inc. is expected to experience abnormal growth for the next 3 years ( i . e . , g 1 = g 2 =

Xtinct Inc. is expected to experience abnormal growth for the next 3 years (i.e., g1= g2= g3=18%), then to return to its long-run constant growth rate of 4%. The company paid a $2.00 dividend yesterday. Eve just bought a common stock from Xtinct Inc. today. Assume that she requires a 13% rate of return. Determine the stocks value under these conditions. (If possible, please explain what inputs would be used with a Financial Calculator)

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