Assume that it is now January $1,2022.$ 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 resule, WME is expected to expertence a $14\%$ annut growth rate for the next $5$ years. Other firms wilt 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 $11\%$ on WME's stock. The most recent annual dividend $(D_0),$ which was paid yesterday, was $$1\mathrm{.}50$ per share.

a$.$ Calculate WME's expected dividends for $2022,2023,2024,2025,$ and $2026.$ Do not round intermediate calculations. Round your answers to the nearest cent.

$D_{2022}=$$

$D_{2023}=$$

$D_{2024}=$$

$D_{2025}=$$

$D_{2026}=$$

b$.$ Calculate the value of the stock today, widehat$(P{)}_0.$ Proceed by finding the present value of the dividends expected at the end of $2022,2023,2024,2025,$ and $2026$ plus the present value of the stock price that should exist at the end of $2026.$ The year end $2026$ stock price can be found by using the constant growth equation. Notice that to find the December $31,2026,$ price, you must use the dividend expected in $2027,$ which is $6\%$ greater than the $2026$ dividend. Do not round intermediate calculations. Round your answer to the nearest cent. $

c$.$ Calculate the expected dividend yield $(($:$\frac{D_1}{P_0}$