Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 24%...

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Deployment Specialists pays a current (annual) dividend of $1and is expected to grow at 24% for two years and then at 6%thereafter. If the required return for Deployment Specialists is10.0%, what is the intrinsic value of its stock? (Do notround intermediate calculations. Round your answer to 2 decimalplaces.)
Intrinsic value

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Step1 Dividend for the next 2 years Dividend in Year 0 D0 100 per share Dividend in Year 1 D1 124 per share 100 x 124 Dividend in Year 2 D2 15376 per share 124 x 124 Step2 The Price See Answer

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Deployment Specialists pays a current (annual) dividend of $1and is expected to grow at 24% for two years and then at 6%thereafter. If the required return for Deployment Specialists is10.0%, what is the intrinsic value of its stock? (Do notround intermediate calculations. Round your answer to 2 decimalplaces.)Intrinsic value