2. Suppose you are thinking of purchasing the stock of Canadian oil Inc. and you expect it to pay a $4dividend in one year and you believe that you can sell the stock for $28 at that time. In the second year the dividend is $4.20 and the stock can sell at $29.40 and the third year dividend is $4.41 and the stock can sell at $30.87. If you require a return of 20% on investments of this risk, and you decide to hold the stock for three years, what is the maximum you would be willing to pay? (10 Marks). Please show all calculations.