27. An industry is characterized by high bargaining power of suppliers and low barriers to entry. Based on strategic analysis from Porter's five forces, this industry most likely exhibits: (15) strong pricing power stable market shares small economic profits 28. A stock recently paid a dividend of $1.50 which is expected to grow at 8% per year. The required rate of return of 12%. Calculate the value of this stock assuming that it will be priced at $51.00 three years from now. (15)