Question: Problem 31 You have until 11:59 AM to complete this assignment. Intro Pro Build Inc. has had a net income of $16 million in its

Problem 31 You have until 11:59 AM to complete this assignment.

Problem 31 You have until 11:59 AM to complete this assignment. Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3% per year. The firm always pays out 20% of net income as dividends and has 4 million shares of common stock outstanding. The required return is 10%. Part 1 - Attempt 1/1 for 10 pts. What is the intrinsic value of the stock? 1+ decimals Save

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