Question: this is the whole question Sawchuck Consulting has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated

this is the whole question Sawchuck Consulting has been profitable for
the last 5 years, but it has never paid a dividend. Management
this is the whole question

Sawchuck Consulting has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated that it plans to pay a $0.25 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 8.00% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of 11.00%, what is your estimate of the stock's current value? $9.94 $10.19 $10.45 $10.72 $10.99

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