Question: 3) Suppose Could I Industries expects to grow erratically over the next 4 years. It omitted its dividend this year (year O) and plans to

3) Suppose Could I Industries expects to grow erratically over the next 4 years. It omitted its dividend this year (year O) and plans to do so again in year 1. After that, it plans to pay dividends of 0.50, 1.50, and 2.75 in years 2, 3 and 4, respectively. Beginning in year 5 it expects its dividends to grow 2.3 percent per year into perpetuity. Because of this erratic growth, investors are demanding a return of 11%. What is the intrinsic value of the stock today

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