A stock just paid an annual dividend of $2.4. The dividend is expected to grow by 10% per year for the next 4 years. The growth rate of dividends will then fall steadily by 2% per year, from 10% in year 4 to 2% in year 8 and stay at that level forever. The required rate of return is 12%. Part 1 What is the expected dividend in 8 years? 2+ decimals Submit Part 2 What is the value of the stock in 8 years? 1+ decimals Submit BAttempt 1/6 for 5 pts. B Attempt 1/6 for 5 pts. Part 3 What is the value of the stock now? 1+ decimals Submit B Attempt 1/6 for 5 pts