3A. The Waffle House pays a constant annual dividend of $1.25 per share. How much are you willing to pay for one share if you require a 25 percent rate of return?

3B. The Waffle House is going to pay annual dividend of $1.25 per share in year one and the constant growth rate is 5%. How much are you willing to pay for one share if you require a 25 percent rate of return?

3C. The Waffle House just paid annual dividend of $1.25 per share and the constant growth rate is 5%. How much are you willing to pay for one share if you require a 25 percent rate of return?