Problem 18.10 Your answer is incorrect. Try again. You want to estimate the total intrinsic value of a large gas and electric utility company. This company has publicly traded stock and has been paying a regular dividend for many years. You decide that, due to the predictability of the dividend that this company pays, you can use the dividend discount valuation approach. The company is expected to pay a dividend of $1.90 per share next year, and the dividend is expected to grow at a rate of 2 percent per year thereafter. You estimate that the appropriate rate for discounting future dividends is 9 percent. In addition, you know that the company has 39 million shares outstanding and that the market value of its debt is $300 million. What is the total enterprise value of the company (Round intermediate calculations and final answer to 2 decial places, e.g. 15.25.) 352.82 The total value of the company is million. LINK TO TEXT VIDEO: SOLUTION WALKTHROUGH