Question: Problem 4 Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow

Problem 4 Intro Pro Build Inc. has had a net income

Problem 4 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 7 million shares of common stock outstanding. The required return is 13%. Attempt 1/3 for 10 pts. Part 1 What is the current stock price? k+ decimals Submit

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