(a) Annar Limited latest annual dividend of $4.50 was paid yesterday and maintained its historic 8% annual growth. You plan to purchase the stock today because you believe dividend growth rate will increase to 10% for the next 3 years and the selling price of the stock will be $90 per share at the end of the third (30) year. Your required return is 12%. i. What is the maximum you should pay if the company dividends continued to growth at 8% indefinitely? [2 marks] ii. Based on your beliefs, would you buy the stock if the current market price is $90 and why? [4 marks) ill. What is the expected price after 3 years (Ps), if growth for the next 3 years (years 4-6) is 9% and thereafter the company returns to its long-term growth rate of 8%? [4 marks