Question: Company C last reported EPS ( 2 0 2 3 ) was $ 5 . 0 0 . You expect Company C ' s earnings

Company C last reported EPS (2023) was $5.00. You expect Company C's earnings will grow by 6.0% in 2024 and then grow an additional5.5% in 2025 and 5.0% in 2026. The dividend payout ratio is expected to remain constant at 20%. You expect Company C to sell for $120 in two years (target price in 2025 is $120). The appropriate discount rate for this company is 8.5%.1. What is the intrinsic value of the stock today? What is the implied P/E mutilple (ttm) in two years based on your model? What is the implied forward P/E multiple in two years based on your assumptions?

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