A stock just paid an annual dividend of \$2.7. The dividend is expected to grow by 7% per year for the next 4 years. The growth rate of dividends will then fall steadily by 1.25% per year, from 7% 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? Part 2 . Attempt 1/10 for 10 pts. What is the value of the stock in 8 years? Part 3 . A Attempt 1/10 for 10 pts. What is the value of the stock now