1) BMW has come out with an improved product, as a result, the firm projects growth of 30% per year for 3 years. By then, other firms will have copycat technology, competition will drive down profit margins, and the growth rate will fall to 5%. The most recent annual dividend was DIV.-$5 per share. The discount rate is 10%. a) What is the stock price today? (6 points) b) What will next year's stock price be? (4 points) c) What is the expected rate of return to an investor who buys to stock now and sell it in 1 year? (3 points)