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Assume that it is now January 1 , 2 0 2 0 . Wayne - Martin Electric Inc. ( WME ) has developed a solar

Assume that it is now January 1,2020. Wayne-Martin Electric Inc. (WME) has developed a solar panel capable of generating 200% more electricity than any other solar panel currently on the market. As a result, WME is expected to experience a 15% annual growth rate for the next 5 years. Other firms will have developed comparable technology by the end of 5 years, and WME's growth rate will slow to 6% per year indefinitely. Stockholders require a return of 12% on WME's stock. The most recent annual dividend (D0), which was paid yesterday, was $1.75 per share.
Calculate WME's expected dividends for 2020,2021,2022,2023, and 2024. Do not round intermediate calculations. Round your answers to the nearest cent.
D2020= $
D2021= $
D2022= $
D2023= $
D2024= $

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