Question: Ivanhoe Inc is a fast-growing company whose management expects it to grow at a rate of 25 percent over the next two years and then

Ivanhoe Inc is a fast-growing company whose management expects it to grow at a rate of 25 percent over the next two years and then to slow to a growth rate of 19 percent for the following three years. If the last dividend paid by the company was $2.15, calculate the dividends for years 1-5 and then calculate the present value of these dividends if the required rate of return is 14 percent.

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