Question: Problem 5 Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow

Problem 5 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 80% of net income as dividends and has 5 million shares of common stock outstanding. The required return is 11%. Part 1 IB Attempt 1/2 for 10 pts. What is the value of the stock? 1+ decimals Submit

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