1) A stock just paid an annual dividend of $4.86. The dividend is expected to grow by 8% per year for the next 5 years. It will then grow 2% per year forever. The required rate of return is 11%. I)What is the dividend in year 5? II)What is the terminal value(P_5)? III) What is the intrinsic value of the stock? 2)A stock just paid an annual dividend of $2.2. The dividend is expected to grow by 6% per year for the next 3 years. The growth rate of dividends will then fall steadily(linearly) from 6% after 3 years to 3% in 6 years. The required rate of return is 12%. I) What is the intrinsic value of the stock if the dividend growth rate will stay at 0.03(3%) forever after 6 years? II) In 6 years the P/E ratio is expected to be 25 and the payout ratio to be 80%. What is the intrinsic value of the stock when using the P/E ratio? 3) It is the end of 2020. In the most recent year (2020), UPipehad an EBIT of $400 million. Depreciation was $80 million, increase in net working capital was $40 million and capital expenditure was $100 million. Over the next 4years, EBIT is expected to grow by 20% per year, depreciation by 15% per year, capital expenditure by 25% per year, and change in net working capital by 15% per year. The annual free cash flow to the firm is expected to grow by 3% per year after 2024. The weighted average cost of capital is 13% and the average tax rate is 21%. The firm has $550 million of debt and 10 million shares outstanding. I) What is the free cash flow to the firm in 2020( in $ million)? II) What is the expected free cash flow to the firm in 2024( in $ million)? III) what is the terminal value in 2024( in $ million)? I) what is the firm value today( in $ million)? I) what should be the stock price now