Question: Already tried 13.38, it is incorrect need the right answer here is a clearer photo of the question Question 13 1 pts RedKite Inc. expects

Already tried 13.38, it is incorrect need the right answer

here is a clearer photo of the question

is a clearer photo of the question Question 13 1 pts RedKite

Question 13 1 pts RedKite Inc. expects earnings next year of $4 per share. The dividend payout ratio will be 1/4. If the required rate of return on its stock is 15% and the growth rate of the dividend is 7% Based on the constant growth model, what is the intrinsic value of its stock today? Red Kite Inc. expects earnings next year of $4 per share. The dividend payout ratio will be 1/4. If the required rate of return on its stock is 15% and the growth rate of the dividend is 7%. Based on the constant-growth model, what is the intrinsic value of its stock today? 13.38

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