3. Suppose that Match Group (Match.com) expects to pay its first ever dividend of $.20 per share next year (year 1). The dividend is expected to grow at rate of 20% per year for the next three years. After that, dividends are expect to grow steadily at a lower rate of 9.5% thereafter. Suppose that the cost of equity is 11%. a. What at most should you be willing to pay for a share of the stock? Show your work, writing out the equations you are using. b. Suppose the stock is currently selling at \$15. Do you recommend buying or selling the shares? Explain