Finance question
Thai One On, a national Thai restaurant chain, expects to see a 15% annual increase in dividends over the next three years. After that, analysts expect dividends to fall to a constant growth rate of 5% thereafter. Thai One On's last dividend paid was $1.57 per share. Also since there will be a few more Thai chains popping up shortly, investors see some risk and require a return of 11.2%. Based on this information, what is the intrinsic value of one share off Thai One On's stock? hint:follow the three steps.All work must be show to receive cerdit.