Portman Industries just paid a dividend of $3.60 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 20.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 4.00% per year. The risk-free rate is 5.00%, the market risk premium is 6.00%, and Portman's beta is 1.80. Assuming the market is equilibrium, use the information just given to find:

Term	Value
1a.Dividends one year from now (D1)	?
1b. Horizon Value	?
1c.Intrinsic value of portman’s stock	?

2. What is the expected dividend yield for Portman's stock today?

a. 11.80

b. 13.14

c. 9.44

d. 11.35