1. (20 points) ACME Corp. paid a $2.50 dividend yesterday. The dividend is expected to grow by 50% for one year. Afterwards the dividends will increase-by 8% annually. If the required rate of return is 10%, how much is the investment worth today? (SHOW YOUR WORK) Helpful steps: a) Draw a time line B) Determine the amount of future dividends for the next two year