3. Company Z stock currently sells for $40. The required return on the stock is 8%. Company Z maintains a constant 5% growth rate in dividends. a. Calculate the most recent dividend. C. b. What is the dividend yield? What would be Company Z share price in 5 years' time? Explain how to value a company that is not a divided payer (has not paid any dividends and has no plans to pay dividends in the future).