ABC Corp. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20 percent next year and then decreasing the growth rate to a constant 5 percent per year. The company just paid its annual dividend in the amount of $1.10 per share. What is the current value of a share if the required rate of return is 14 percent?

		$14.07
		$13.24
		$13.28
		$13.19
		$14.67

ABC Corp. has 14,500 shares of stock outstanding and projected annual free cash flows of $48,200, $57,900, $71,300, and $72,500 for the next four years, respectively. After that, the cash flows are expected to increase at a constant annual rate of 1.6 percent. What is the current value per share of stock at a discount rate of 15.4 percent?

		$29.88
		$31.57
		$28.99
		$26.14
		$32.65

ABC Corp. announced that its next annual dividend will be $1.70 a share and all future dividends will increase by 2.5 percent annually. What is the maximum amount you should pay to purchase a share of this stock if you require a rate of return of 12 percent?

		$13.75
		$17.37
		$16.94
		$15.46
		$17.89

PLEASE ANSWER ALL THREE!