Question: Please answer in Excel Format The following is information on Abbvue Inc.'s income statement and comparable companies. --The company's dividend payout ratio is 55% of

 Please answer in Excel Format The following is information on Abbvue

Please answer in Excel Format

The following is information on Abbvue Inc.'s income statement and comparable companies. --The company's dividend payout ratio is 55% of net income and the company has 137,500 shares outstanding. --The dividend is expected to increase by 8.0% next year, 6.0% the following year and then increase at a constant rate of 3.0% into perpetuity --Investors require an annual return of 12.5% on the stock --The current year income statement for Abbvue is below What is the market value of a share of Abbvue's stock using the dividend discount model? SHOW YOUR WORK Abbvue Revenue COGS Gross profit SG&A Depreciation EBIT Interest EBT Tax @ 25% Net Income Current year $ 8,250,000 5,775,000 2,475,000 1,090,000 435,000 950,000 150,000 800,000 200,000 $ 600,000

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