A stock you are evaluating just paid an annual dividend of $2 40 Dividends nave grown at 15 years and you expect this to contnue. a. If the required rate of return on the stock is 12 5 percent, what is its fair present value? b. If the required rate of return on the stock is 15.5 percent, what shouid the fair value be four years from today? a constant rate of 18 percent over the last (For all requtrements, do not round Intermediate caiculations. Round your answers to 2 declmal places e-s 3216)) Fair present value b. Expected fair value