Question: Develop a current stock value for a firm that is expected to have extraordinary growth of 25% for 4 years (year 1 to year 4),

Develop a current stock value for a firm that is expected to have extraordinary growth of 25% for 4 years (year 1 to year 4), after which it will face more competition and slip into a constant-growth rate of 5%. Its required return is 14% and next year's dividend is expected to be $5.00.

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