A stock is expected to pay its first annual dividend in 5 years. The dividend is expected to stay constant at $1.3 per year for 18 years and then grow at 5% annually forever. The required rate of return is 14%. (hint: non-standard dividends; two-stage of dividends) Attempt 1/10 for 10 pts. Part 1 What is the PV today of the first-stage dividends? (18 years of constant $1.3 dividend per year is the first stage) 2+ decimals Submit BAttempt 1/10 for 10 pts. Part 2 What is the PV today of the second-stage dividends? (dividends after the 18 years of constant dividend is the second stage) 3+ decimals Submit What is the PV today of the first-stage dividends? (18 years of constant $1.3 dividend per year is the first stage) 2+ decimals Submit Attempt 1/10 for 10 pts. Part 2 What is the PV today of the second-stage dividends? (dividends after the 18 years of constant dividend is the second stage) 3+ decimals Submit Part 3 What should be the stock price now? 2+ decimals Submit Attempt 1/10 for 10 pts.