a. Angelina's made two announcements concerning their common stock today. First, the company announced that the dividend just paid was $3.16 a share. Secondly, the company announced that all future dividends increase by 5 percent annually. What is the maximum amount you should pay to purchase a share of Angelina's stock if your goal is to earn a 12.5 percent rate of return? (5 points) b. Now or later, Inc. recently paid $1.10 as an annual dividend. Future dividends are projected at $1.14, $1.18, $1.22, and $1.25 over the next four years, respectively. After that, the dividend is expected to increase by 4% annually. What is one share of this stock worth to you if you require an 7.5% rate of return on similar investments? (10 points) c. Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $2.00 a share. The company has promised to maintain a constant dividend. How much are you willing to pay one share of this stock if you want to earn 12% return on your equity investments? (5 points)