Question: Discounted Cash Flow Analysis 2) Solve the following problem and walk through your solution. Sal Song Industries just paid a dividend of D0 = $2.80.

Discounted Cash Flow Analysis 2) Solve the following problem and walk through your solution. Sal Song Industries just paid a dividend of D0 = $2.80. Analysts expect the company's dividend to grow by 15% this year, by 20% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 14.0%. What is the best estimate of the stocks current market value? Do not round intermediate calculations

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