1. Thress Industries just paid a dividend of $3.25 a share (i.e., D₀ = $3.25). The dividend is expected to grow 5% a year for the next 3 years and then 12% a year thereafter. What is the expected dividend per share for each of the next 5 years? Do not round intermediate calculations. Round your answers to the nearest cent.

D1 = D)2 = D3 D4 = D5 =\f