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Elizabeth Booth works for Myrril Lynch (ML) and is trying to determine the intrinsic value of Biotechnic Corp common shares. She is working with the following information about the company from ML's research group. Biotechnic just paid a dividend of \\( \\$ 2.0 \\). The group predicts Biotechnic's dividend growth will be \25 for the first three years, followed by a lower dividend growth of \20 for the next two years. Dividends will grow at a constant \8 thereafter. The expected market return is \14, the risk-free rate is \6. The stock has a beta of 1.2. The current market price of the stock in the market is \\( \\$ 89.37 \\). The company is using the multistage DDM to estimate the intrinsic value. What should Elizabeth Booth be recommending to her ML clients regarding Biotechnic shares? Be specific. Elizabeth Booth works for Myrril Lynch (ML) and is trying to determine the intrinsic value of Biotechnic Corp common shares. She is working with the following information about the company from ML's research group. Biotechnic just paid a dividend of \\( \\$ 2.0 \\). The group predicts Biotechnic's dividend growth will be \25 for the first three years, followed by a lower dividend growth of \20 for the next two years. Dividends will grow at a constant \8 thereafter. The expected market return is \14, the risk-free rate is \6. The stock has a beta of 1.2. The current market price of the stock in the market is \\( \\$ 89.37 \\). The company is using the multistage DDM to estimate the intrinsic value. What should Elizabeth Booth be recommending to her ML clients regarding Biotechnic shares? Be specific

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