Please demonstrate all steps to prevent mark reduction.

1. You require a 10% rate of return in Pepsi Co. If the stock recently paid a dividend of $2 per share, and the expected growth rate of dividends is 5%, calculate an estimated value of the stock in five years.

2. Assume that the intrinsic value of Nike Corporation is $80, where it is currently trading at $82. What are your observation and recommendation?

3. Exercise Bicycle Company is expected to pay a DPS of $2.65 in year 1, $3.08 in year 2, and $3.48 in year 3. After year 3, dividends are expected to grow at the rate of 8% per year. An appropriate required return for the stock is 14%. Calculate the intrinsic value of this stock.