Intrinsic Value Calculation Using Discounted Dividend Model

Global Tech Ltd. is a well-established company in the technology sector and has a strong track record of increasing dividends annually. Last year, it distributed a dividend of $2.50 per share. Due to its robust growth potential, the company expects to increase its dividends by 8% per year for the next three years. After that period, a constant growth rate of 4% is anticipated indefinitely. If an investor requires a return of 10% on their investment, what is the intrinsic value of a share of Global Tech Ltd. based on the discounted dividend valuation model?