During the annual general meeting, the management team of HamstarCorporation has reported the annual dividend distributed from year 2019 to 2022. In last year (year 2020), the annual dividend has been...

During the annual general meeting, the management team of HamstarCorporation has reported the annual dividend distributed from year 2019 to 2022. In last year (year 2020), the annual dividend has been increased by RM0.30 . As the management team foresees that the company profit would be increased by 50%, they plan to increase the annual dividend by more than RM0.30 for this year and the year afterwards. The detail of the annual dividends is as following:

Start from 2023onwards, Hamstar Corporation will have an annual growth rate of 5 percent consistently for the dividend. Using the appropriate dividend Valuation Model, calculate the intrinsic value of Hamstar Corporation. Assume that the required rate of return is 10percent.