15. Nerus' Catering is growing at a very fast rate. As a result, the company expects to increase its dividend to $0.64, $0.95, and $1.38 over the next three years, respectively. After that, the dividend is projected to increase by 5.7 percent annually. The last annual dividend the firm paid was $0.3 a share. What is the current value of this stock if the required return is 12.1 percent?

part b.

Capello's Deli traditionally pays an annual dividend of $1.66 per share. The firm is projecting dividends of $1.81 and $2.19 over the next two years, respectively. After that, the company expects to pay a constant dividend of $2.39 a share. What is the maximum amount you are willing to pay for one share of this stock if your required return is 14.38 percent?