Question: 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

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 10.60% for the next 5 years, after which growth should match the 5% industry growth average rate, which is a more sustainable rate. The last dividend paid (D0) was $1.24 and your firms WACC is 10.62%. What is the value per share of your firms stock?

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