Aspris International just paid an annual dividend of $1.80. Analysts expect this dividend to grow at 6.40% until the end of year eight. After run growth rate will reach 3.10% thereafter. What is the price of Aspris International stock if the firm's equity cost of capital is 12.80%. 1. What is the value of the dividend at t=1 ? $ (Please round to two decimal places) 2. What is the present value of the first eight dividends? (Please round to two decimal places) 3. What is the value of the dividend at t=9 ? (Please round to two decimal places) 4. What is the value of the stock? $ (Please round to two decimal places)