9. Stocks that don't pay dividends yet Goodwin Fechnologies, a relatively young compary, has been willy successful but has yet to pay a dividendi. An analyst forecasts that Goodwin is Wkely to pay its first dividend three years from now, She expects Goodwin to pay a $1.7$000 dividend at that time (D,=$1.75000) and believes that the dividend will grow by 9.10000% for the following two years ( D,andD, ). However, after the fifh year, she expects Coodwin's dividend to grow at a constant rate of 3.48000% per vear. Goodwin's requhod return is 11.60000%. Fill in the following chart to determine Goodwin's horizon value at the horizon date (when constant growth begins) and the current intrinsic value. To increase the accuracy of your calculations, do not round your intermediate calculations, but round all finst answers to two decimal ploces; If investors expect a total return of 12.60%, what will be Goodwin's expected dividend and capital gains yleld in two years-that is, the year before the firm begins paying dividends? Again, remember to carry out the dividend values to four decimal places. (Hint: You are at year 2 , and the first dividend is expected to be paid at the end of the year, Find DY, and CGY,) Goodwin has been very successful, but it hasn't paid a dividend yet. It circulates a report to its key investors containing the following statement: Goodwin has a large selection of profitable investment opportunities