Question: Rocking technologies RT have just developed a solar panel capable of 200% more electricity than any solar panel currently on the market. As a result,
Rocking technologies RT have just developed a solar panel capable of 200% more electricity than any solar panel currently on the market. As a result, RT is exoected to experience a 15% annual growth rate for the next 5 years. By the end of year 5, other firms will have developed comparable technology and RTs growth rate will slow to 5% per year indefinitely. stockholders require a 6% return on tje stock. The most recent annual dividend (D0) was paid yesterday at $1.55 per share. What are the expected dividends for years 1-5. What is the intrinsic value of the stock?
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