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6) Kleber Industries has committed to providing its shareholders with a 12% return on equity forever. They just began paying annual dividends. They've committed to

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6) Kleber Industries has committed to providing its shareholders with a 12% return on equity forever. They just began paying annual dividends. They've committed to paying 10% of their net income as dividends for the next 2 years and then they will pay 70% of their net income as dividends after that forever. Calculate the estimated growth rate for the company in the first two vears and after that? Klieber Industries just paid a dividend of $0.50 and the market discount rate is 9%. What is the market price of a share of Klieber Industries now? b)

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