1. Assume the common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 6.0%, and if investors' required rate of return is 12%, what is the stock price? 2. Assume the common stock has a current stock price, Po = $20. If the last dividend paid was $1.00, and the growth rate of the stock = 6%, what is the stock's expected total return for the coming year? 3. Maxwell Corp expects to have a capital budget of $200,000 next year. The company wants to maintain a target capital structure with 40% debt and 60% equity, and its forecasted net income is $200,000. If the company follows the residual dividend policy, how much in dividends, if any, will it pay?