Show your work. No credit will be given for final results without showing your work. 1. Exxon Mobil (XOM) is expected to pay a dividend of $3.48 next year. You estimate the required rate of return for common equity at 8.0%. Assuming zero growth of dividends in the indefinite future, calculate the intrinsic value of XOM. Show your work. 2. Walmart (WMT) is expected to pay a dividend of $2.98 next year. With a dividend growth rate at 5% forever and a required rate of return of 7%, what is the intrinsic value of WMTP Show your work./ 3. EMPS Inc. is expected to grow its dividends by 7% over the next 5 years. Thereafter, its dividends are expected to decline by 3% forever. The current dividend is $2 per share and the market capitalization rate (required return for equity) is 15%, a) What is the terminal (horizon) price for EMPS at the end of year 5, that is what is PS? 1 b) What is the intrinsic value of the EMPS stock, that is what is Po