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8) 25 Points PP Mania lust naid a dividend of $1.24. The dividends are expected to grow at 199 ver the next five years. The

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8) 25 Points PP Mania lust naid a dividend of $1.24. The dividends are expected to grow at 199 ver the next five years. The company has a payout ratio of 35% and a benchmark PE of 22. The required return is 11% Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 $1.24 1.76 2.09 2.49 EPS Dividend Price Write your answers here or in boxes above, show your work on the back of the page. Part A (5 points): What are the projected dividends in each of the years 1 and 5? Part B (5 points): What is the EPS in year 5? Part C (5 points): What is the target stock price in year 5? Part D (10 points): What is the stock price today

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