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One of your experts gave me an answer of $7.36 but there are many different answers...

One of your experts gave me an answer of $7.36 but there are many different answers on Chegg for this same problem. WHEN THE QUESTION USES RELATIVELY RAPID INCREASE OF DIVIDENDS, HOW DO WE ARRIVE AT 50% AND 25%

Sawchuck Consulting has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated that it plans to pay a $0.25 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 8.00% thereafter. Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of 11.00%, what is your estimate of the stock's current value?

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