5. RED SEA Company just finished making an annual dividend payment of K zo per snare on its common stock. Its common stock dividend has been growing at an annual rate of -10 percent Mr Bupe requires a 16 percent annual return on this stock. What intrinsic value should Bupe place on one share of RED SEA common stock under the following three situations? [10 Marks] a. Dividends are expected to continue growing at a constant 10 percent annual rate. b. The annual dividend growth rate is expected to decrease to 9 percent and to remain constant at that level. c. The annual dividend growth rate is expected to increase to 11 percent and to remain constant at the level