Question: Question 32 (4 points) Your company has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow

Question 32 (4 points) Your company has just successfully completed some

Question 32 (4 points) Your company has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow at a rate of 15.00% for the next 5 years, after which growth should match the 6.00% industry average growth rate, which is a more sustainable rate. The last dividend paid (D0) was $1.63 and your firm's WACC is 12.23%. What is the value per share of your firm's stock? Note: submit your spreadsheet for partial credit considerations. Your Answer: Answer units

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