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

$Your company has just successfully completed some R\&D work that leads$

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 48.00% this year, 29.00% next year, after which growth should match the 5.00% industry average growth rate, which is a more sustainable rate. The last dividend paid (D0) was $1.26 and your firm's WACC is 10.40%. What is the value per share of your firm's stock? Note: submit your spreadsheet for partial credit considerations. Your Answer: Answer units

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