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Assume that it is now January 1, 2017. Wayne-Martin Electric Inc. (WME) has just developed a solar panel capable of generating 200% more electricity than

Assume that it is now January 1, 2017. Wayne-Martin Electric Inc. (WME) has just 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 16% annual growth rate for the next 5 years. Other firms will have developed comparable technology at the end of 5 years, and WME's growth rate will slow to 5% per year indefinitely. Stockholders require a return of 13% on WME's stock. The most recent annual dividend (D0), which was paid yesterday, was $1.77 per share. a) Calculate WME's expected dividends for 2017, 2018, 2019, 2020 and 2021. Round your answers to the nearest cent. Do not round your intermediate calculations.

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