Question: Solve this part without using excel. Thankyou a) MoFit is a motion-charged fitness watch start-up. The company announced a dividend of Rs.4 this morning and

Solve this part without using excel. Thankyou

a) MoFit is a motion-charged fitness watch start-up. The company announced a dividend of Rs.4 this morning and committed to paying annual dividends. MoFit's CFO, Mahrukh D=4 Chaudhry, announced that their product has seen strong growth and is ready to disrupt the market for wearable gadgets because it loses the charging hassle that defines most of the wearable gadgets in the market. Mahrukh sees a 20% growth in dividends for the next ten years, after which dividends are expected to grow at a rate of 5% annual in perpetuity. Assuming the growth rates provided by Mahrukh are accurate, what is the current stock price if investors require a return on equity of 12%.rce=12% [10]

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