Question: can someone help me? ive gotten close to the answer the closest ive gotten is 64.02 Because the corporation needs to reinvest all of earnings

can someone help me? ive gotten close to the answer the closest ive gotten is 64.02

Because the corporation needs to reinvest all of earnings in the near future, the corporation does not plan on paying any dividends for the first 7 years. In the 8th year (De) the dividend is expected to be $7 and will continue to grow thereafter at 10%. If the cost of capital for this corporation is 14%, what is the intrinsic value of this stock? Answer: $69.94

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