Year $2019$ dividend five dollars paid year $2020$ dividend $$5\mathrm{.}20$ estimate year $2021$ dividend $$5\mathrm{.}80$ estimate year $2022$ dividend $$4\mathrm{.}25$ estimate. Use the table above and a two states DDM to find the intrinsic value of XYZ when the required rate of return is $12\%$ after year $2022$ assume steady growth of $3\mathrm{.}5\%$