Goodwin technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. an analyst forecasts that goodwin is likely to pay its first dividend three years from now. she expects goodwin to pay a $2.75000 dividend at that time (d₃ = $2.75000) and believes that the dividend will grow by 14.3% for the following two years (d₄ and d₅). however, after the fifth year, she expects goodwin’s dividend to grow at a constant rate of 3.72000% per year. goodwin’s required return is 12.4%. fill in the following chart to determine goodwin’s horizon value at the horizon date (when constant growth begins) and the current intrinsic value. to increase the accuracy of your calculations, do not round your intermediate calculations, but round all final answers to two decimal places.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; /// blank(1); above; blank(2); less;