8) Mack Industries is not expected to pay a dividend over the next four years. At the end of the fifth year, the company anticipates that will pay a dividend of $1.00 per share. This dividend is then expected to grow at a constant rate of 5% per year thereafter. The required rate of return on the company's stock is 1 1%. Compute the current price of the stock today 9) Datasecure Inc. has hit upon a new idea for security of information on the internet. As a result, its annual dividends are expected to increase at a constant rate of 7% per year indefinitely. It paid a dividend of S5 just yesterday. The required rate of return on Datasecure's stock is 13% per year a) What is the price of Datasecure's stock today? b) What would be the price of Datasecure's stock today if it were a supernormal growth stock with a dividend growth rate of 18% for the first two years, then a constant growth rate of 7% indefinitely? Assume that the required rate of return on the stock is still 13% per year