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 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 $($D$0),$ which was paid yesterday, was $$1\mathrm{.}50$ per share.

Calculate WME's expected dividends for $2022,2023,2024,2025,$ and $2026.$ Do not round intermediate calculations. Round your answers to the nearest cent. Calculate the value of the stock today, $.$ 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. Calculate the expected dividend yield $($D$1/$P$0),$ capital gains yield, and total return $($dividend yield plus capital gains yield$)$ expected for $2022.($Assume that and recognize that the capital gains yield is equal to the total return minus the dividend yield.$)$ Do not round intermediate calculations. Round your answers to two decimal places.