Question: 7. ACME, Inc. expects its current annual $4.50 per share common stock dividend to remain the same for the foreseeable future. What is the

7. ACME, Inc. expects its current annual $4.50 per share common stock dividend to remain the same for the foreseeable future. What is the intrinsic value of the stock to an investor with a required return of 15%? Round to two decimal places.

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