Nison Inc, currently pays $$2\mathrm{.}34$ per share in dividends on its common stock. Analysts differ over the long nun growth potental for the fim. Some believe the dvidends will grow at $7\mathrm{.}00\%$ forever, while conservative analyats believe the firm Will grow at $3\mathrm{.}00\%$long term. The required retum to own the stock is essimated at $17\mathrm{.}00$ F $.$

What intrinsic value is placed on the stock at the higher growh rate?

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Answer formad: Gurrencr Round fo: $2$ ofocimal places.