1.The most recent annual (2021) dividend payment of Spot Industries was $2.50 per share. The firms financial manager expects that these dividends will increase at a 6% annual rate, g1, over the next three years. At the end of three years the firms mature product line is expected to result in a slowing of the dividend constant growth rate of 4% per year/ The firms required return, rs, is 12%. What is the share value for Spot Industries?

2.If the stock is selling for $34 should you purchase?