7. Northwest Natural Holding (NWN) paid $1.93 dividend in the past year (2021). a. Analysts expect its annual dividend to be $2.00 in the next year and then the dividend growth rate will be 3% per year thereafter in perpetuity. The required rate of return in the stock is 10%. Calculate the current value of the stock. (10 pts) b. Northwest Natural has a fixed dividend payout ratio of 80%, current ROE is about 7% and dividend yield is 3.7%. Given this information, what estimate would you use as the dividend growth rate and expected return (i.e., discount rate, or "r")? (3*2 pts)