YNOS Ltd. is a new technology company. The company just recently announced a $0.25 dividend per share this year. The expected growth rate for the company is forecasted to be 8.0%p.a. for the coming 3 years. This will be followed by a high growth of 12.0%p.a. for another 2 years. The company is expected to slow down and grow at a stable rate of 2.5% per year into the foreseeable future. Required What is the intrinsic value (per share) of the company if the market required of return is 14.0% p.a.?