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You would like to buy a stock of Navana Motors. You are trying to find out the intrinsic value of Navana's stock. Recently, you have

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You would like to buy a stock of Navana Motors. You are trying to find out the intrinsic value of Navana's stock. Recently, you have subscribed to Value Front (a stock market research furm) and it provides you the following information: Expected dividend is $0.65 in 2017 and will be $0.98 in 2020 Beta and risk-free rate are 0.95 and 2.90%, respectively Market risk premium is 8.00% After 2020, the competition in the car market will be higher and Navana expects to grow at the steady rate. The forecasted dividend payout ratio is 25% and ROE is 10.00% Els What is terminal price in 2020

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