Ninja Co. will pay a dividend of $29.00, which will increase by 8 percent each year over the following three years and t

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answerhappygod
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Ninja Co. will pay a dividend of $29.00, which will increase by 8 percent each year over the following three years and t

Post by answerhappygod »

Ninja Co. will pay a dividend of $29.00, which will increase by
8 percent each year over the following three years and then grow at
an annual rate of 9 percent forever. You expect a 12 percent return
on your invested capital. What price would you pay for a share in
this company? (Do not round "PV factor" and other intermediate
calculations. Round the final answer to 2 decimal places. Omit $
sign in your response.)
Price $
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