1. C&P Trading Inc., is entering into a 3-year remodeling and expansion project. Last year, the company paid a dividend of $3.40. It expects zero growth in the next year. In years 2 and 3, and 5% growth is expected, and in year 4, and 15% growth. In year 5 and thereafter, growth should be a constant 10% per year. What is the maximum price per share that an investor who requires a return of 12% should pay for Home Place Hotels common stock?(15') a. Find the value of the cash dividends at the end of each year. 4' b. Find the present value of the dividends expected during the initial growth period. 3' c. Find the value of the stock at the end of the initial growth period. 4' d. Find the value of the stock. (Sum of PV of dividends during initial growth period and PV price of stock at end of growth period) 4